This pair is really getting on my nerves again...I bet I'm not the only one. EJ is barely trading above pivot of the day, 160.99. Tonight's ECB meeting might be the catalyst for some wild moves I've been hoping for.
Pivot = 160.99
Resistances = 161.89, 162.52, 163.42
Supports = 160.36, 159.46, 158.83
Fundamental notes: Dow Jones recovered sharply higher overnight, the probability that the Fed will lower interest rates by 50 points is now at 74%. Later today, Trichet will be announcing the rates decision, he is expected to hold the rates steady.
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