EUR/USD Forecast: 21/04/2016
ECB Press Conference on Prospects of Monetary Policy
On April 21, 2016, the ECB's interest rate is expected to be announced, with an ECB press conference to be followed.
As a rule, such events, even though any change in the rate is very unlikely, result in strong movements of the currency pairs involving the euro. The aggressive or optimistic tone of statements might lead to the euro rising, and the mild or pessimistic tone, in contrast, to the euro falling.
In this case, a position on EUR/USD opened during the press conference can make a profit up to $1,500 in a short period of time, with trading one lot.
ECB Press Conference
forecast: up to 150 pips – $1,500