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EUR/USD and EUR/JPY Wait for ECB for Breakout Spark

Christopher Vecchio

Talking Points:

- EURUSD remains in the broader 1.3680/1.3770 range for the past three weeks.

- ECB meeting tomorrow should help EURUSD and EURJPY break ranges.

- US economic data back in focus next three days.

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EURUSD remains constrained by its range from early-February - we'll be looking for moves outside of 1.3640/80 and 1.3770/820 to determine the breakout direction.

In EURJPY, price has already been rejected by the 140.80/141.45 zone this week, and we look to this area of interest over the past two months as a necessary hurdle before bulls reengage the longer-term uptrend.

--- Written by Christopher Vecchio, Currency Analyst

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

Follow him on Twitter at @CVecchioFX

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