#EURUSD a day before ECB

Today we have PMIs from UE and usually it’s better to wait till 9am GMT when it’s over. Tomorrow ECB Rate decision and Conference. Watch price action at 1.3520-30 and 1.3440-50. Those are two zones where to expect fight between supply and demand. We will look for longs above 1.3525 and for shorts below 1.3440. We also expect EURUSD to stay between 1.3435-1.3535 till tomorrow’s ECB conference and then we’ll see a break out, either way. PMIs doesn’t seem to have a big impact on EURUSD right now. Actually good PMI numers did’t make this pair move to the upside as it  usually would. This means we have still a big pressure to the downside which is supposely caused by expectations to hear more dovish tone from Mr. Draghi, and even warning or actual cut of short term interest rates by 0.25%. More updates after price reaches either 1.3520 or 1.3450.