EUR / USD: The trend remains still uncertain in the face of the resistance of 1.1930, waiting for the ECB of tomorrow :



The EUR / USD pair continued its consolidation yesterday, in a narrow range and low volatility, facing a resistance clearly visible on the 1.1925.

Like the day before, the economic calendar remained light, prompting traders to hold back, waiting for the major event of the week, the ECB meeting that will take place on Thursday.

Overall, traders expect a pre-announcement about a possible QE change in October, leaving room for surprise: The boss of the ECB might surprise by acting as early as September, just as it might surprise by not announcing a future decision for October.

For now, the trend of the Euro Dollar remains particularly uncertain, in a range of 1.1850-1.1930. A break above 1.1930 would assume buying opportunities for the next resistances at 1.1950, 1.1985 and 1.20.

On the downside, the supports are at 1.1850, 1.1825 and 1.18.

Finally, with regard to the economic calendar of the day, forex traders will focus on two events, with the ISM US services at 4 pm, and with the Beige Book of the Fed at 8 pm.

Currently, the EUR / USD is trading around 1.1910 on Forex.
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