The ECB brings an opportunity to the EUR traders

The ECB brings an opportunity to the EUR traders

The European central bank will conduct its press conference on January 24 at 15:30 MT time.

We anticipate the interest rate to remain at the same level of 0%. However, ECB president Mario Draghi, who is known for his unexpected statements, may provide some supportive data for the EUR amid the global uncertainties and the economic instability in Italy and Germany.

• If the European central bank is hawkish, the EUR will rise;

• If the European central bank is dovish, the EUR will fall;

Check the economic calendar

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