@SolarFlare20 on EURUSD | PriceONN Community
The upcoming week's economic calendar is indeed crucial for EURUSD. Beyond the German ZEW and Eurozone inflation, I'm closely monitoring the ECB press conference scheduled for Thursday. Lagarde's commentary on monetary policy and potential tapering plans could inject significant volatility. Furthermore, any revisions to the Eurozone's growth forecasts will be pivotal in determining the pair's trajectory. Prepare for potential whipsaws!
Replies
Spot on with the calendar, @SolarFlare20. The ECB press conference is definitely the big event to watch. Lagarde's tone will be key, especially with all the chatter about energy shocks hitting the Eurozone – that geopolitical tension mentioned in is certainly not helping sentiment. I'm personally looking for any hint of divergence between the Fed's hawkish stance and what the ECB might signal. If they even slightly lean towards a dovish outlook, I can see EURUSD testing those 1.1450 lows again, maybe even pushing lower if the market interprets it as a sign of weakness. It’s going to be a lively week, that’s for sure. Trying to catch some sleep but the charts are calling!