 You're right also. Good morning there is some European central bank news today and Just to kind of simplify it. It's more to do with What the monetary policy will be for them going forward now? ING have really good analysis and they have their I guess their scenario analysis, so I I like the sheet and what it basically does is just highlights and Shows you what? They think is likely to happen to price on the right-hand side if these so if this certain criteria is met, so ING's base case is that the European Central Bank will be neutral So the central bank European Central Bank have got you know, they're gonna comment on various different Aspects of their monetary policy and this is basically what ING think is gonna happen on on on all four And if it does happen on all four then the likelihood Again, we're dealing probabilities here is that the euro will probably stay around the 120 mark because there's nothing really to Suggest that it should go higher if they are hawkish meaning that on their inflation outlook they start talking that risks to the inflation outlook have somewhat become more balanced if that's the The the the language I guess on the growth outlook so the economy at the economic recovery in the second half Would be stronger than anticipated. That's what the central bank are thinking Or they say and vice and all of these then you should probably see a push-up to one to two If they do come out as dovish meaning that on the inflation They think that is a return to low correlation in 2022 growth outlook recovery will be gain momentum over the summer But high Uncertainty etc. etc. Then you're looking at one one eight fifties. So and we could see a very dovish ECB and Again, my personal view is I have no idea what is gonna come out Obviously, you know that the base case is what you want to go with you want to go with the experts So it could be a non-event if anything out of the ordinary anything Interpreted to be hawkish or dovish by the market will either push the mark you know push prices of the euro up or down but Just my thinking and it's not a prediction or anything like that is just from a bigger picture perspective is that the Europe and and the ECB actually don't want an expensive currency yet If the currency gains In in value and appreciation in fact what it does is it hampers the economy And inflation and I have a video about that about this in the if you go to The number four under fundamental analysis interest rates and inflation is this this webinar here that I posted a Few maybe a month or so ago this this is definitely a Worth of watching it really explains the relationship between inflation interest rates and GDP and the effect of an expensive currency on on on on inflation and and the economy so going back to You know to this The point is really is that Is that I think I don't think that they'll be hawkish before they've even had a chance Sorry, they before they've even had a chance to even for their for their economy to even grow that is probably very Unlikely even though obviously it can happen probably base case is to be more a bit more neutral to see what happens But they there is a possibility that they could also be dovish simply because they want a weaker euro They actually do want a weaker euro the And the US actually want a weaker dollar the Federal Reserve want a weaker dollar Or actually matter of fact, no they don't in a sense that that they've already they're already achieving their inflation target So in fact, they don't necessarily want a cheap Dollar but they would want one if they hadn't reached their 2% overall inflation target so the central bank of The ECB actually want a weaker and a devalued currency so that they can reach their inflation target and Actually, in fact the Federal Reserve Probably want a more expensive currency at the moment so that they can kind of stem inflation so That if the central banks can get their way then In fact that should lead to a euro dollar Downside if the market does agree at the moment the market seems to have a different opinion on the euro dollar I don't really I Understand it but it goes kind of counter to what I know about the fundamentals It's a bit different at the moment So when in doubt, you know best not to necessarily even trade the currency pair until it is a bit more Clear as to what is going on. Sometimes we shouldn't really force trades And force our opinions on the market whatever the market thinks and whatever the sentiment is if it if it's counter to What we know to be true. Maybe it's just time to not trade that pair until you know Something that was a sentiment and the fundamentals do become clear. So there's conflicting Lot of conflicting flows around the euro and around the dollar So for me, it's not as it's probably becoming a pair that I'm gonna not be too interested in because there is a lot of Conflicting and confusion and confusing information But anyways guys that's gonna be the news for today So if you see prices start to shoot up or shoot down, that's probably this is probably the reason why Anyways guys take care and I'll speak to you soon