Today at 12:45 London time, ECB meeting on monetary policy will finish, which can seriously change the state of affairs in the euro / dollar pair.
Practically, there is no doubt that at the end of the meeting, the regulator will leave the refinancing rate and the quantitative easing program unchanged. This is not surprising, since the labor market in Europe is recovering much more slowly, and the inflation began to slow down again.
The most interesting part will happen during the press conference of Mario Draghi, which will take place about an hour after the announcement of the results of the meeting of the ECB. Recently, the growth of the single European currency, for the most part, was due to the hope that the ECB will soon begin to normalize monetary policy. However, much has changed since then, and the head of the ECB is likely to announce the prematureness of such steps, which will greatly change the mood of investors.
After the announcement of the results of the meeting and the press conference of Mario Draghi, the single European currency will begin to decline, and the first benchmark is 1.1450, and then 1.1400.
