ECB's meeting to put euro under pressure

Signals for the EUR/USD pair:

The euro is expected to rise to 1.0916 and 1.0937, if the price breaks throug at 1.0885.

A breakthrough at 1.0840 may lead to a sell-off of the euro at 1.0812 and 1.0787.

Signals for the GBP/USD pair:

If the price breaks through the level of 1.2480, the British pound is likely to grow to 1.2526 and 1.2573.

A breakthrough at 1.2430 may lead to a sell off of the British pound to 1.2392 and 1.2327.

The material has been provided by InstaForex Company -