A crucial aspect of a trader’s job is to be aware of major economic data release as high volatility news can have drastic effects on the market. Often these news releases can break strong S/R levels or even change established trends. There is also the potential for trading opportunity for the astute trader.

In this week’s Technical Insights video, we take a look at the recent market moves following the ECB monetary statement, and assess whether this can be used as a precedent for this week’s upcoming UK and US interest rate decisions.