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RobertSoos
Apr 10, 2019 9:56 AM

EURUSD - cup&handle breakout, watch for inflation & ECB Long

EURO / U.S. DOLLARICE

Description

Technical
-1.1290 is strong resistance (H4 200EMA)
-Cup & handle formation + bottoming out

Fundamental
- ECB press conference -> most of the dovish comments already priced in
-US data deteriorated, today's CPI data key -> if inflation is weaker EURUSD break

MyFxbook community outlook
- EURUSD 65% short -> bullish move more probable

Comment

Draghi killed the euro, simply put.
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