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EURUSD
If the pair breaks the level 1.35290 than bullish movement is expected. This moving is going to be to the level 1.35590 level and the next level will be 1.35980.
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An interest rate decision from the European Central Bank headlines the economic calendar in the hours ahead. Expectations call for no changes in the policy mix, with target rate due to remain at 0.50 percent along with the pledge to keep borrowing costs at the current setting or lower for an “extended period”. That shifts the spotlight to the post-announcement press conference from ECB President Mario Draghi.
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The European Central Bank (ECB) is expected to keep the benchmark interest rate at 0.50% as the monetary union returns to growth, but President Mario Draghi may show a greater willingness further embark on the easing cycle in an effort to encourage a stronger recovery.
What’s Expected:
Time of release: 10/02/2013 11:45 GMT, 7:45 EDT
Primary Pair Impact: EURUSD
Expected: 0.50%
Previous: 0.50%
DailyFX Forecast: 0.50%
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GBPUSD
The pair may test its major resistance at 1.61900 as the than pound price will start bearish movement. It is better to sell to the target 1.61270. And stop loss in this case will be 1.62100.
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