FX & CFD trading involves significant risk
The ECB will announce the rate decision this week. Although we expect the ECB may keep the interest rate and monetary policy unchanged, it may keep its dovish policy stance and may announce to extend QE in September, which may undermine EUR.
EUR/USD may find resistance at 1.1199. The pair may range trade between 1.0782-1.1199, with downside bias.
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