Razvan

EURUSD - Will the ECB Bring the Euro Down?

FX:EURUSD   Euro Fx/U.S. Dollar
Will ECB take any action today and bring the euro             down, or will let it burst above 1.4000.
From the technical point the price has drawn a Rising Wedge which broke the down trend line. This along with the negative divergence on the 28 periods RSI give a strong sell signal. A break below the lower line of the pattern would be a good confirmation for the signal. If the ECB will take no action today then we might see a break above 1.40 and the bulls might target 1.45.
I'm vouching for a 1.35 dip to buy from... that is hopefully if 1.40 - 1.41 is not taken out!!
+1 Reply
Razvan
2 years ago
The interest rate was kept, if Draghi will not announce any liquidity injection I believe that 1.40 will be out by the end of this week. I am also hoping for a dip, though
+1 Reply
Razvan
2 years ago
1.40 almost here
Reply
justatrader PRO Razvan
2 years ago
Sadly yes!!! But I think a 1.35 dip will be on the cards. I don't think we've seen the end of Euro at 1.4.. Maybe this will be the new norm. Who knows.
Reply
Razvan justatrader
2 years ago
aaaaand...you were right :D
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out