Razvan

EURUSD - Draghi Did It Again

FX:EURUSD   Euro Fx/U.S. Dollar
591 5 6
Look at this, Draghi did it again. He managed to bring the balance in favor of the Euro             . Nothing changed in the monetary policy for the moment, and the ECB seems to be quite optimistic in what concerns the EU economy. EURUSD             rallied after a false breakout, and the chart shows a symmetry. The Flag type pattern fooled me again. From the basic technical analysis a flag should have lead to a continuation, this time, just like the other one (near the rejection line of the down channel) lead to a reverse in the direction of the price.
I would now stay attentive at an overbought euro             , which got close to 1.3630 resistance and keep my eyes on a corrective move.
Sam0101
2 years ago
so its will rally to 1.368?
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Razvan Sam0101
2 years ago
It already went above its daily range, I don't know if it will hit that level today, but this up move can continue to 1.37.
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Sam0101
2 years ago
so u buy to 1.363?
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Razvan Sam0101
2 years ago
wait for a dip! it is safer
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Ryan Tyler
2 years ago
I would like to see 1.37 Soon with this rally. :)
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