EUR/USD ran bearish around 1.1067 and expected to remain downward to hit nearest support at 1.1024.

EUR/USD ran bearish around 1.1067 and expected to remain downward to hit nearest support at 1.1024.

According to Bloomberg survey, ECB's President would not issue any policy change for upcoming Thursday. However, he might announce new monetary actions before the end of this year.

As for those aforementioned prediction, many analyst foresaw stimuli extensions. 97% of them said that ECB would prolong bonds purchase program to March 2017. Less than 40% of vote poll suggested further interest rate cut below 0.4%, while the other minority below 20% of the same pool forecasted expansions for QE purchase.


Technical Analysis

Consider looking at this graphic to aid your trading decision this day, this graphic is in h4 resolution with Elliot Wave theory to read the upcoming pattern.

EUR/USD