Draghi could comment on TLTRO on Monday - FXStreet

FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik points to ECB head Mario Draghi's testimony before the European Parliament's Economic and Monetary Committee on Monday as one of the most important events next week.

Key quotes

"We could have a quite entertaining day for a change: he will likely comment on the TLTRO results, probably with an optimistic stance which may give the EUR/USD some intraday support, a chance to add to shorts."

"A dovish stance will pressure the common currency, which means he can do little to fight the dominant trend."