FX.co ★ bridget.franecki | TST as the Foundation for Medium-term Trading

EUR/USD Yesterday wasn't a very good day for the euro - it couldn't decide whether to go for beauty or brains, hesitating without making a breakthrough. In the end, it only marked the Open Zone (OZ) without reaching the balance area. Today, we opened in the lower half of the day, even below the mandatory zone, forming a classic OZ - Key Trading Level (KTL). The ideal scenario would be to first rise to the OZ, bounce off it, and then move downwards to close the pattern. However, this may or may not happen. Today is a news-heavy day for the euro - at 15:15, the ECB interest rate decision will be announced. It's hard to predict how the euro will react to this, especially in these uncertain times. Then, at 15:30, there is a significant news block for the US - where one news item is as important as the next, so brace yourselves without hesitation. At 15:45, there will be the ECB press conference, followed by a speech by Madam Lagarde at 17:00. Let's see how it goes. Yesterday, we were swaying back and forth, as the anticipation of news is always unsettling.