FX.co ★ Trading plan for EURUSD on 06/05/2019

The euro has given a strong technical signal for growth, breaking through the top of 1.1220 and fixing higher.

Important news ahead: Today, on Wednesday, June 5 - the "Beige Book" report on the state of the economy will be released.

More importantly, on Thursday, June 6, the ECB's decision on monetary policy.

The market is waiting for some tightening of rhetoric from the ECB.

If the ECB gives even a small hope of tightening the policy, the euro will show strong growth.