EUR/USD Forex Signal: Long Setup Ahead of ECB's 25bp Call
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EUR/USD is trading near 1.1640, a two-week high, after reclaiming its 200-day moving average heading into the ECB rate decision. Markets are pricing a 25bp hike to 2.50%, with Lagarde's tone on energy-driven inflation risk seen as the next catalyst for direction.
Trade Setup: Entry 1.1615, Take Profit 1.1690, Stop Loss 1.1595. Risk/Reward: approximately 3.75:1. The 1.1604 level remains critical short-term support; a daily close below it invalidates the bullish structure ahead of the announcement.