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The main event of the day will be the ECB meeting

The main event of the day will be the ECB meeting | 07 March 2019

07 March 2019, EUR/USD

The main event of the day will be the ECB meeting

EURUSD trading plan:

The main event of the day will be the ECB meeting. The Board of governors of the European Central Bank will reduce forecasts that relate to inflation and the economy to be able to continue the program of lending to the banking sector. The head of the European regulator Mario Draghi is building a discussion on any expansion of the so-called European program TLTRO. This policy of the Central Bank will have a negative impact on the value of the Euro and a positive impact on European equities. Today you can open a Buy position on the DAX 30.

Trading recommendation: Sell 1.1315 and take profit 1.1280.

David Johnson
Analyst of «FreshForex» company
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