Trading plan 22 - 01/26/2017
The general picture: The market is waiting for the decision of the ECB.
The main event of the week is the ECB's decision on monetary policy, which will be released on Thursday.
Probably, the price will move sharply upward towards the level of 1.2500.
The opening of the week is mixed against the background of the budget crisis in the US. The price will more likely settle quickly but, in case that the crisis worsens, the euro can go down prominently.
GBP / USD pair:
The pound is held near the highs, which implies continuous growth.
Purchases should be made from the level of 1.3730.
