{"id":89804,"date":"2026-09-09T18:06:36","date_gmt":"2026-09-09T08:06:36","guid":{"rendered":"https:\/\/ic.com\/blog\/?p=89804"},"modified":"2026-09-09T18:06:37","modified_gmt":"2026-09-09T08:06:37","slug":"trade-eurusd-on-the-european-central-bank-interest-rate-decision","status":"publish","type":"post","link":"https:\/\/ic.com\/blog\/trade-eurusd-on-the-european-central-bank-interest-rate-decision\/","title":{"rendered":"Trade EURUSD on the European Central Bank Interest Rate Decision"},"content":{"rendered":"\n

The European Central Bank is set to makes its latest interest rate decision in trading on Thursday and the overwhelming consensus is for the ECB to raise the deposit rate by 25 basis points from 2.25% to 2.50%. The move is primarily an attempt to insure against the renewed inflation shock coming from energy prices. Eurozone headline inflation accelerated to around 3.3% in August, moving further above the ECB’s 2% target, with the rise largely driven by energy prices that have risen again in line with major hostilities in the Middle East that have seen Brent Oil rise to nearly $100 a barrel.<\/p>\n\n\n\n

The market is expecting this rise to represent a peak in rates for 2026, and this is where the potential for moves in the currency comes into the equation. If the ECB indicate that there is the possibility of more rate hikes in the coming month, most probably due to further increases in Oil and other energy products, then we could see the EURUSD push higher, however if they indicate that this will most probably be the last move in this cycle then traders are expecting the currency to fall.<\/p>\n\n\n\n

The EURUSD is currently sitting in the middle of relatively tight recent ranges and therefore looks good for a possible break either side if we see anything outside market expectations. A hawkish hike should see topside resistance break and the market break into fresh ranges, while a more dovish outlook should challenge recent lows. No move at all would almost certainly see a big break to the downside.<\/p>\n\n\n\n

Resistance 2: 1.1710 \u2013 August High<\/p>\n\n\n\n

Resistance 1: 1.1677 \u2013 Trendline Resistance<\/p>\n\n\n\n

Support 1: 1.1607 \u2013 Trendline Support<\/p>\n\n\n\n

Support 2: 1.1565 \u2013 September Low<\/p>\n\n\n\n

\"\"<\/a><\/figure>\n\n\n\n

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Risk Warning:<\/strong> Trading in securities involves significant risk. Prices may fluctuate and securities can become entirely valueless. You may incur losses that exceed your potential profits, and in some cases, losses may exceed the amount you have deposited. Securities, futures, options, and contracts for differences are complex financial instruments and are not suitable for all investors. Engaging in such transactions requires a sound understanding of the associated risks. Please read and ensure you fully understand our Risk Disclosure<\/a>.<\/p>\n\n\n\n

Our leverage is dynamic and may change at any time. Such changes may affect your positions and margin requirements. You are responsible for monitoring your positions and maintaining sufficient margin at all times<\/p>\n","protected":false},"excerpt":{"rendered":"

The European Central Bank is set to makes its latest interest […]<\/p>\n","protected":false},"author":8,"featured_media":89805,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[462],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/posts\/89804"}],"collection":[{"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/comments?post=89804"}],"version-history":[{"count":1,"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/posts\/89804\/revisions"}],"predecessor-version":[{"id":89807,"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/posts\/89804\/revisions\/89807"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/media\/89805"}],"wp:attachment":[{"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/media?parent=89804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/categories?post=89804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/tags?post=89804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}