FX.co ★ Trading Plan on 08/03/2019

On March 7, the ECB struck at the euro: they sharply lowered its forecast for economic growth in the Eurozone from 1.7% to 1.1% in 2019. The ECB announced that it will launch a new program of liquidity injections into the Eurozone economy in September.

The euro fell sharply, breaking key levels down in the zone of 1.1215 - 1.1230.

On Friday, the markets are waiting for a report on employment in the United States, hence, a new round of falling euro is possible, as well as a strong rebound to the top.

We keep selling euro from 1.1315 and stop at breakeven.