It’s not surprise that the EUR/USD is the chart of the day for March 3. But will the heightened expectations of action by the ECB in April to increase rate 25 basis points be enough to carry the pair through 1.4000?
*Results are not guaranteed, individual experiences may vary. Past performance is not indicative of future results.
The data over the next month will likely have to support the ECB’s fears on inflation. If not, watch the EUR/USD fizzle. On the other side of the rate hike is the consequence of increasing an already uneasy relationship between the EU countries, especially Ireland and Greece who are already believed to be struggling with the terms of their EU bailout. If not, it looks like euro bulls will have to wait until Summer.