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No wonder Draghi had messed it up again. He always tries to be so clever that he always messes things up
We can expect more of it
He is going to give one of his "we are prepared to do anything" speeches today again
We can expect more of it He is going to give one of his "we are prepared to do anything" speeches today again
Looks like we are going to wait for Draghi speech at daily open
If tomorrow the Euro gets more support from Draghi, the EURUSD may reach the 1.3700 resistance zone.
EURUSD has lot of resistance (10 and 200 day MA) along the way up to the 1.3700 level.
Looks like a cluster of buy limits are at 1.3640
Now Novotnytook over the talking part : he is announcing rate cuts all over the net
And now we wait for a Draghi speach
Nothing new
We shall have to wait next week
The bounce didn't go any further, euro is still weak.
That was a simple correction - they were slowly cashing in the profits and taking positions for today. The correction is over (obviously) but now it is a danger zone - it is a triple bottom. Last two times there were clusters of buy limits just above 1.36 - now I don't see that, but now 1.36 is a strong support that has to be broken.
Don't thin it will happen today, or this week, but next week almost sure
According to news, this change is not caused by Draghi's speech but by US data
If that is so, then we can wait for a 1.36 break soon