EURUSD - Down Boy

FX:EURUSD   Euro / U.S. Dollar
The ECB monetary policy press conference is almost here. I believe that Draghi will use this opportunity to push the Euro             lower. The inflation rate doesn't look good at all. I believe that he will say nothing in the first part of his speech, creating some volatility and drag the euro             down in his second part (or so I hope :) ).
From the technical perspective the price is now sitting at 1.3370, local support. A drop and close below this level would signal a drop (I believe that 1.33 can be a target). If Draghi will not take a dovish side, then we might see the Euro             rally above the trend line of the current channel, targeting 1.3400.
Mazen_alhegili Mazen_alhegili
i think the blue arrow scenario in still on.
+1 Reply
I really love your chart ok we have a nice break, well let see next week.
Razvan Mazen_alhegili
thank you :)
Draghi must make another announcement today?
I don't see any strength for breaking 3332 again, That's why im buying.
Razvan Mazen_alhegili
You might not see it now, but a dovish Draghi could be a strong argument for it to drop :). Be careful with your stops. Main trend is still down :) Wish you best!
I need to see 3416 :)
Razvan Mazen_alhegili
it is doable :)
!00% you are right im just guessing and wishing :)
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