FX:EURUSD   Euro / U.S. Dollar
The EURUSD rallied today but prices are still below resistance at 1.1250area. Today will be ECB press conference (news), we don’t trade the news but we will definitely take note of it. We’ve seen this trap into ECB before. Basically, EURUSD looks like it is headed higher but then takes out the lows (see December and March ECB meetings) before moving in the direction (higher) that it was going to go anyway. We will be looking for price action buy signals on the 1 hourly and 4 hourly graphs today in that support area. We will update our PRO Members of any buy signal today
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