EURUSD - Neutral Post ECB

2020-01-24 23:07:35

We had a long view on EURUSD but the post ECB drop in the currency pair to move below support at 1.1045 has led us to change our view to neutral. The ECB did not provide much indication of future interest rate policy and whilst there are still concerns over growth and inflation we will hold a neutral view whilst EURUSD is below 1.1045 as it could now fall towards 1.09.