Razvan

EURUSD - Down Boy

FX:EURUSD   Euro Fx/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.

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Mazen_alhegili
2 years ago
I loved blue arrow :).
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Razvan Mazen_alhegili
2 years ago
:)
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Mazen_alhegili
2 years ago
I don't see any strength for breaking 3332 again, That's why im buying.
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Razvan Mazen_alhegili
2 years ago
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!
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Mazen_alhegili Razvan
2 years ago
I need to see 3416 :)
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Razvan Mazen_alhegili
2 years ago
it is doable :)
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Mazen_alhegili Razvan
2 years ago
!00% you are right im just guessing and wishing :)
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Razvan Mazen_alhegili
2 years ago
false breakout, retest on the middle of the channel. High volatility on this market.
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cfumeron
2 years ago
Draghi must make another announcement today?
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Mazen_alhegili
2 years ago
I really love your chart ok we have a nice break, well let see next week.
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Razvan Mazen_alhegili
2 years ago
thank you :)
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Mazen_alhegili
2 years ago
snapshot
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Mazen_alhegili Mazen_alhegili
2 years ago
i think the blue arrow scenario in still on.
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