European Central Bank (ECB) news

The European Central Bank (ECB) is the central bank for the Eurozone, responsible for monetary policy. Its primary objective is to maintain price stability within the 20 member states using the euro. The ECB uses various monetary policy tools to guide the Eurozone economy and support sustainable growth.

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EUR/USD Forecast: ECB & US CPI to Drive Price Action, Bulls Remain in Control Above 1.1600 Handle
This EUR/USD forecast analyzes the pair's outlook ahead of the critical ECB meeting and US CPI release. The article details the split within the ECB's Governing Council regarding rate cuts and the potential for a US inflation spike (to 3.2%) to weigh on the Dollar. From a technical perspective, the 1.1600, 1.1700 handle is identified as crucial support, with a macro picture suggesting a more likely bullish breakout toward 1.1900.
by Zain Vawda
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