A surprisingly strong EUR isn’t helping a eurozone economy which is currently dealing with the effects of the COVID-19 outbreak and could give European Central Bank policymakers reason to take more aggressive action than previously expected when they meet this week.
We like to sell before the Central bank announcement from the ECB with SL at 1.1460. If the market returns into the bearish mode we might be able to hold the trade through the decision as we believe also a much lower price will follow.
