ECB's Draghi announces asset purchases of 60 billion Euros a month till Sep 16th 2016 on the ECB meeting held today and it will have negative impact on EUR/USD and so the pair is expected to decline further.
On the upside break above 1.11669 will take the pair to 1.1785/1.1850 in short-term.
The pair’s minor support is around 1.14585 and breaking below will target 1.1376/1.1325
Indicator (1 Hour Chart)
(50) – Sell
(14) – Sell
Recommendation: Sell EUR/USD around 1.15600, SL 1.1669, Target 1.1325.