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EUR/USD and GBP/USD Triangulate as Central Banks Meet

EUR/USD and GBP/USD Triangulate as Central Banks Meet

2014-02-06 12:00:00
Christopher Vecchio, CFA, Senior Strategist
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Talking Points:

- BoE and ECB meeting today.

- EURUSD and GBPUSD stuck in ranges.

- Join the webinars in the DailyFX Live Trading Room.

To keep up with this week's central bank meetings and implications on emerging markets, be sure to sign up for my distribution list.

The EURUSD and GBPUSD have entered ranges as their central banks meet. Watch the "75s" - $1.3475 and 1.3575 have constrained EURUSD. For GBPUSD, a concerted move through $1.6340 or 1.6250 is desired before direction is chosen.

--- Written by Christopher Vecchio, Currency Analyst

To contact Christopher Vecchio, e-mail cvecchio@dailyfx.com

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