ECB Meeting Conclusion: Forex Technical Analysis

Today’s announcements should include an end to the APP and a schedule for the ECB rate hikes as they move to prep the markets ahead of time. Some traders may be disappointed that the ECB don’t raise rates, or if they announce only a 25bps rate hike in July rather than 50bps. Usually, on a day like this, there will be a small reaction to the monetary policy statement, and then a larger move to ECB President Lagarde’s words during the press conference. 

For more trading details, please check the hyperlinks with time stamp indicated from the video:

2:12 EUR/USD

4:25 EUR/JPY