The euro faces a pivotal week as the ECB announces its rate decision. We analyze support and resistance for EUR/USD CFD traders.
EUR/USD has consolidated between 1.0780 and 1.0880 ahead of the ECB meeting. Implied volatility remains elevated, suggesting breakout potential in either direction.
A hawkish surprise could push the pair toward 1.0950, while dovish guidance may trigger a break below 1.0750 support. Position sizing and stop placement are critical given the event risk.
Trade plan framework
Consider reducing size ahead of the announcement and re-entering on a confirmed break of the range with a defined stop beyond the opposite boundary.
