The European Central Bank
The ECB will hold a monetary-policy meeting this week. We expect the ECB to leave interest rates unchanged at 4%. In the light of the ongoing weakening of the US economy, the monetary policy committee will doubtless consider the growth situation. However, the inflation rate is considerably higher than the ECB's target of 2% (currently 3.2%), and fears that the inflation may cause second-round effects will in our opinion weigh heavily. (actionforex.com)
Timeframe: H1
Technical Trigger: Bullish EMA's cross
Direction: Long
Price: 158.20
Target: 159.00
Comment: Will move my trailing stop loss to breakeven point + 10 pips to lock the profits (should the price move in my direction by 30 pips).
Status: Closed (10 pips)
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