Breaking down the EURODOllAR today. Hope all is well traders. I am expecting a drastic change in direction of this pair this afternoon. I am mostly considering today's news and smaller percentage of my analysis.Federal Reserve Chair Janet Yellen will be speaking on the U.S Monterary policy today at 3pm. I am expecting a significant momentum roll downhill for this pair. 1.07173 Has inspected to be a strong resistance point. Numerous attempts to break this price was attempted. If my thoughts about the dollar-index getting rather "excited" over the speech. EURO/USD should decline to about the 1.06447. Or 1.05946 area if the previous support breaks.
This is my personal Analysis. Thanks for stopping by to read it. Please trade with caution. This is not a signal. 3pm Est Yellen News! Thanks.