EUR/USD dipped to new lows but also showed hesitation, closing another week in the red. The ECB decision in which new measures are expected, is undoubtedly the big event of the week. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD.
The ECB is warming its engines for the big decision, with a report about a two tier deposit rate as a possibility. Speculation is mounting about the decision, and so is the question: is ECB action already priced in. Data is looking better in Germany, with upbeat PMIs and a surprising rise in business confidence. Can this impact the ECB? In the US, OK data continued being good enough for a rate hike.
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