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.
I really love your chart ok we have a nice break, well let see next week.
Razvan
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thank you :)
cfumeron
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Draghi must make another announcement today?
Mazen_alhegili
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I don't see any strength for breaking 3332 again, That's why im buying.
Razvan
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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!
Mazen_alhegili
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I need to see 3416 :)
Razvan
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it is doable :)
Mazen_alhegili
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!00% you are right im just guessing and wishing :)