An important day for the euro

In the center of attention today is the interest rate decision (12:45 GMT) and the ECB press conference (13:30 GMT), from which the mood of the market will change (after being announced the decision and held a press conference). Volatility is expected to be high, in connection with which traders have to be passive in the afternoon. To predict and forecast the behavior of traders, given the fact that on the calendar is December, is quite difficult (perhaps influential mass will want to start pre-Christmas rally with events such as the ECB interest rate). Technically, there is a power for upside movement, because breaking up the 1.0780 level will allow growth to 1.0850. In the case where 1.0780 is not broken up, the reduction may be limited by the support 1.0650.