Open trading account 
On September 8th(Thursday next week) ECB Governing Council is meeting again. This is definitely the most important risk even of the coming week. Super Mario and his playmates are facing some tough decisions. The QE program has not delivered lower Euro nor inflation so far. The market expects that the program will be extended(Mr. Draghi did say on several occasions in the past that QE will run as long as it's necessary) at least until September 2017. But the biggest problem ECB is facing is that they need to loosen their own rules in regards to the classes assets they can purchase.
If ECB delivers it will mean a sustained Euro depreciation in the weeks and months ahead that might push EUR/USD down to 1.05, or even further when the market starts to price in next Fed rate high. That would mean larger moves in crosses as well. Price action should be really interesting in EUR/GBP considering that the pound seems unstoppable and poised to move higher north on all its charts.
So, this week I'll be looking for Euro short opportunities especially in crosses.
If ECB delivers it will mean a sustained Euro depreciation in the weeks and months ahead that might push EUR/USD down to 1.05, or even further when the market starts to price in next Fed rate high. That would mean larger moves in crosses as well. Price action should be really interesting in EUR/GBP considering that the pound seems unstoppable and poised to move higher north on all its charts.
So, this week I'll be looking for Euro short opportunities especially in crosses.
