EUR/USD at critical spot on charts ahead of ECB

[MongiIG]

 

 

 

 

[RCtrader]

Hi all!

ECB's interest rate decision is to be released today. 🤑
https://www.tradingview.com/chart/EURUSD/s9cklokv-Bears-are-recharging-and-are-about-to-take-action-EURUSD-H4/

[CJ-TradingFloor]

1 hour ago, RCtrader said:

Hi all!

ECB's interest rate decision is to be released today. 🤑
https://www.tradingview.com/chart/EURUSD/s9cklokv-Bears-are-recharging-and-are-about-to-take-action-EURUSD-H4/

 

Still holding and trailing on EURUSD buy trade. Lets see what ECB will do.

[MongiIG]

3 hours ago, RCtrader said:

ECB's interest rate decision is to be released today. 🤑

Breaking News: ECB Hikes by 75 Bps, Citing Inflation Risks, EURUSD Down

Oct 27, 2022 | DailyFX
Richard Snow, Analyst

ECB RATE DECISION

• ECB hikes by 75 basis points, stressing that inflation is too high and expected to remain high for an extended period. Further hikes to come
• Maturing PEPP and APP proceeds continue to be reinvested
• Separate note on TLTRO to be provided at 15:45 CET

 

ECB HIKES BY 75 BPS IN LINE WITH THE FORECAST

• The ECB decided to hike by 75 basis points as inflation remains too high and poses a risk of staying elevated for longer.
• Asset purchases are to continue to be reinvested (APP and PEPP)
• Further hikes expected but will remain dependent on data and economy
• No mention of QT, TLTRO facility will see a change in the rate to counter bank arbitrage