Draghi said indications that will recover are weakening and that if price stability is at risk, ECB would use all instruments within their mandate. The remarks address a key barometer of economic health that is used to determine what further action, if any, the ECB will take to ease .
Strong trend-line support seen for the pair at 0.7040. The pair has taken support and edged higher. Immediate resistance is seen at 0.7078 (session high Nov 12th)
We have closed our earlier short and now recommend buying on dips around 0.7040/50, SL: 0.6980, TP1: 0.7100, TP2: 0.7145
invalidation on breaks below 0.6925