For the past few months the EUR has been situated in a bullish probability - except for the steep retrace in August due to the unwinding of carry trades. Today the ECB announces rates and therefore price can consolidate and even touch the 1.4000 psychological support which is also the .382 retracement of the current upmove within the minor bull trend.
The consensus is that the ECB will keep rates unchanged with maybe more empasizing of their hawkishness in the follow-up speech. Therefore we will buy dips and continue to ride this bull trend.
Disclaimer: All statements and expressions in this analysis are opinions, and not meant as investment advice or solicitation. Forex can be volatile and opinions may change without notice
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