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FXTechs
Apr 15, 2015 9:59 AM

EURUSD Bears Shrug Off Draghi, ECB - Eyes on Multi-Year lows Short

Euro Fx/U.S. DollarFXCM

Description

Vindication! After some decent calls over the past couple weeks (Top, Triangle break) we've finally managed to action one and make some money. Pair has made a dramatic turn lower from below former support/M/Triple Top conf. line and looks set to continue lower. Initial support is 1.0547 followed by 1.0519 and 1.0460. Alternatively, a reversal back above former support at 1.0720 would put pressure back on 1.1050.
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