erikdobra

EURUSD HEAD & SHOULDERS

FX:EURUSD   Euro / U.S. Dollar
In case you missed it, the European Central Bank (ECB) recently underscored its dovish stance by sharing that downside risks have proven “somewhat longer lasting” than previously expected.

Draghi and his gang also said that it’s ready to “adjust all its instruments” in case of weaker growth and inflation prospects. Last but not the least, it doesn’t look like we’ll see any change in its low interest rates “at least through the end of 2019.” Yipes!

Luckily for the euro bulls, the combo of M&A flows and better-than-expected data from China have inspired traders to look past the ECB’s dovishness.

But if next week’s data releases remind traders of why the ECB is so dovish, then I’ll look for entries for EUR/USD’s possible trip back to its downtrend.
VERY GOOD !!!!
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out