Following yesterday’s CPI release, EURUSD saw a decline. Today, all eyes are on the ECB’s Interest Rate Decision, with the FED set to follow suit next week.
Later today, the ECB's decision will be announced, followed by a press conference 30 minutes afterward.
The trend and support zone on the H4 chart remain unchanged. Mark the news candle from yesterday and watch for a breakout.
A breakout above 1.1050 could signal a continuation of the trend. If the price drops further, it will enter our buy zone, where we'll wait for confirmation to take action.
In our Premium channel, we're also keeping an eye on AUDUSD and NZDUSD for potential opportunities.
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