- Analytics
- News and Tools
- Market News
- EUR/USD: A break below 1.0700 could swiftly shift market focus towards the 1.0500 target – HSBC
EUR/USD: A break below 1.0700 could swiftly shift market focus towards the 1.0500 target – HSBC
Economists at HSBC analyze how the ECB's upcoming March meeting could impact the EUR/USD and EUR/GBP.
EUR/GBP may breach the 0.8500 mark on a dovish ECB turn
In the EUR/USD pair, the 1.0700 level serves as crucial support, with potential upward movement capped at 1.0930 in the absence of significant ECB language changes. A break below 1.0700 could swiftly shift market focus towards the 1.0500 target.
In the case of EUR/GBP, a dovish turn from the ECB might trigger an attempt to breach the 0.8500 mark.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
