ECB is expected to unleash a fresh round of stimulus measures on Thursday after inflation in the Euro zone remained at 0.1% in Nov compared to forecast of 0.2%.
- The ECB may extend the QE beyond Sep 2016 and choose to continue till Mar 2017. Market are expecting to increase the monthly bond purchase by €10bn and to add €500 billion of asset purchases on the top of original €1.14 trillion
- The central bank is expected to slash deposit rates further by 10 to 20 bpbs.
- If ECB kept its deposit rates unchanged - pair is expected to move slightly higher use this opportunity for entering fresh shorts
- The pair's major intraday resistance is around 1.0640 and break above targets 1.0690.
- It is good to sell on rallies around 1.0690 with SL around 1.0730 for the TP of 1.0550.
- If ECB cuts deposit rate by 10- 20 bpbs or more than expected rate cuts will drag the pair further down till 1.0460/1.0400.
It is good to sell below 1.0550 with SL around 1.0650 for the TP of 1.0460/1.0400


NZDJPY Bullish at 365-EMA Support: Buy Dips Toward 95 Target
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop
FxWirePro: USD/CNY hovers near 3-1/2-year low ahead of U.S. data
Major Pair Currency Score: GBPUSD and AUDUSD Extremely Bullish at 100, USDCAD Extremely Bearish at -100 – Key Major Levels to Watch
Nikkei Blasts Past 67K: AI Chip Frenzy Ignites 9% Surge From Yen Intervention Bottom
FxWirePro: NZD/USD drifts lower as markets await US inflation data
FxWirePro: GBP/NZD gains some upside momentum, but outlook is bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR edges higher after weak SA jobs and manufacturing data
FxWirePro: GBP/AUD risks tilt further to the downside
GBPJPY Consolidates Above 215 on Bullish Momentum: Buy Dips Toward 217
FxWirePro: EUR/AUD dips as Aussie gains after RBA decision
FxWirePro: EUR/AUD bears maintain upper hand 



