According to the experts of , the ECB will probably toughen its money-and-credit policy or will ease the lending conditions amid hope that Europe’s austerity measures will help it to come out of the crisis, thus contributing to the recovery of the common European currency.
On the other hand, concerns over the eurozone crisis may exert further pressure on the common currency in advance of an Italian bond auction.
In the meantime, EURUSD is being traded around $1.3076, GBPUSD – around $1.5619.
According to the FMA-SAR Department of , the intraday scenarios for GBPUSD are the following:
1. A session rally up to 1,5661 - 1,5683.
2. A downswing inside the mid-term downtrend. The targets are 1,5606 - 1,5577.
