KQMarkets

EURUSD - Long - Pre ECB meeting

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FX:EURUSD   ユーロ/米ドル
We still see EURUSD moving higher after the triple moving average crossover buy signal we mentioned in our last analysis on the 16.10 which saw the currency pair rising above the key resistance level at 1.11471. Despite the currency pair subsequently dropping back below 1.11471 we expect the currency pair to challenge and surpass this level again after the ECB meeting Thursday. This is due no significant announcements being expected at the meeting after the stimulus package was unveiled in September and an expected rate cut in the US being anticipated at the end of October.

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