Today at 08:00 GMT will speak the ECB’s president Mario Draghi from Frankfurt; the current location of the central bank’s offices. It should be interesting to see what will be the reaction from the ECB leader after CPI in the Eurozone and maybe we can hear something about Donald Trump’s victory as the new United States president. With that being said, Draghi’s speech could bring some volatility to the markets.
Our technical analysis for EUR/USD at daily chart remains strongly bearish, as the pair already refreshed its lowest level in nearly one year. There is also a moving average crossover ongoing and eventually, the pair could plummet to test the support zone of 1.0561, which is a very strong barrier for sellers across the board. However, to the upside, if EUR/USD manages to break higher the 1.0641 level, then it can test the 1.0750 zone.
Captureeur usd draghi.jpg
Our technical analysis for EUR/USD at daily chart remains strongly bearish, as the pair already refreshed its lowest level in nearly one year. There is also a moving average crossover ongoing and eventually, the pair could plummet to test the support zone of 1.0561, which is a very strong barrier for sellers across the board. However, to the upside, if EUR/USD manages to break higher the 1.0641 level, then it can test the 1.0750 zone.
Captureeur usd draghi.jpg
(Discuss) EUR/USD & Draghi Speech: Are we about to see a bottom in the Euro?
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