ECB chief Mario Draghi speaks on Monday evening (GMT +8) testifying about the economy and monetary developments.
The tone of Draghi's speech could result in a temporary weaker EUR/USD, despite the strong uptrend it has been enjoying recently.
In addition to the fundamental policies and tone of the speech conveyed by Draghi, in technical aspects, if price of EUR/USD is able to break below 1.1165 support level, we could it testing the next support level of 1.1070.
Watch out for what Draghi says on Monday evening!!
The tone of Draghi's speech could result in a temporary weaker EUR/USD, despite the strong uptrend it has been enjoying recently.
In addition to the fundamental policies and tone of the speech conveyed by Draghi, in technical aspects, if price of EUR/USD is able to break below 1.1165 support level, we could it testing the next support level of 1.1070.
Watch out for what Draghi says on Monday evening!!