EURUSD and GBPUSD Positioned for Breakouts Ahead of ECB, BoE Decisions |
Both EURUSD and GBPUSD have perfectly positioned themselves for a volatile reaction to highly-anticipated rate decisions. Given the proximity to major technical levels; the signals of breakouts or reversals is straightfoward. However, the bullish and bearish scenarios behind these developments, as well as the potential for meaningful follow through, is a more complicated fundamental situation.
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