Trade of the Week: EUR to react to ECB’s tapering cues

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The 1.190 level has been a tough nut to crack for EURUSD bulls.

On two separate occasions so far this quarter, the world’s most-traded currency pair only managed to breach but failed to secure a daily close above the psychological 1.190 mark.

Could the European Central Bank’s policy meeting provide that catalyst for euro bulls this week?

 

For context, central banks worldwide rolled out unprecedented levels of stimulus to support their respective economies at the onset of the pandemic. From bringing benchmark interest rates to record lows and buying up bonds, such… Read More:

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