Squawk / 10 April 2019 at 5:41 GMT
Founder, Owner, Director / Market Chartist
United Kingdom
EURUSD remains vulnerable into ECB meeting and Fed Minutes

The Euro remains somewhat vulnerable sustaining losses versus many major currencies through March, most notably the US Dollar, but including the Canadian and Australian Dollars and to a lesser extent the Pound.
This has primary reflected a still very dovish ECB and a deterioration in European economic data, mostly in Germany in the past month.
Furthermore, the US$ has displayed a solid tone, strengthening against most major currencies throughout March, with global economic slowdown concerns seeing the US currency bought as a safe haven (despite a more dovish tone from the Federal Reserve).
Today, the Forex market sees both an ECB Meeting and the release of the latest FOMC Minutes, which could combine to see a significant move in EURUSD, with the technical risks skewed towards the downside.

https://www.fxexplained.co.uk/forex-articles/current-market-analysis/eurusd-remains-vulnerable-into-ecb-meeting-and-fed-minutes/

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