Forex Trading Alert: Uncertainty around ECB Decisions

Posted by Nadia Simmons - Sunshine Profits

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Earlier today, the euro declined against the U.S. dollar once again as uncertainty around today’s ECB decisions continues to weight on the European currency. Thanks to these circumstances, EUR/USD dropped under the barrier of 1.1000. Will we see a test of the recent lows in the coming days?

In our opinion the following forex trading positions are justified – summary:

EUR/USD: short (stop-loss order at 1.1512; initial downside target at 1.0572)
GBP/USD: none
USD/JPY: none
USD/CAD: none
USD/CHF: none
AUD/USD: none

EUR/USD

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