Browsing all articles tagged with ECB President Draghi Speaks
Jul
8

EUR/USD D1 Technical July 08

On last Friday, pair get bearish and dropped towards 1.2830 level.  Bollinger bands are still showing bearish signal.  Pair is expected to test its next support at 1.2750 level.

There can be two scenarios. Firstly, If pair manage to reached to 1.2860 level then we can sell this pair with stop loss above 1.2900 level and take profit at 1.2800.

Secondly, If pair manage to break 1.2900 level then we can buy this pair and take profit at 1.2950 level. If pair get a pull back from 1.2950 level then pair will fall again towards 1.2850 level.

High impact News can affect the movement of pair. News like Eurogroup Meetings, ECB President Draghi Speaks.

 

May
23

EUR/USD D1 Technical May 23

Yesterday in late session EUR/USD got a strong pull back from 1.3000 level and dropped upt0 167 pips. Now the outlook for the pair is bearish.  Bollinger bands are also providing sell signals for the pair.

Pair is expected to move first up to 1.2880-900 level and then start falling towards southward and target its support at 1.2798 and further downward.

On the other hand. If pair manage to break 1.2950 level and H4 candle closure above this level it will then indicate change in trend and EUR/USD will then continue its uppish trend.

High impact News can change the scenario. News like  Unemployment Claims, New Home Sales, French Flash Manufacturing PMI, German Flash Manufacturing PMI, ECB President Draghi Speaks.

 

May
6

EUR/USD D1 Technical May 06

The trend for the EUR/USD is neutral. Bollinger bands are also not providing clear signals for the pair. Below 1.3200 level EUR/USD remain in bearish trend. Currently EUR/USD is testing its physical level 1.3100 level.

Price action on this level should be watch. If pair fails to hold this level and H4 candle close below 1.3100 level then it will indicate bearish potential for EUR/USD and pair will rapidly dropped towards southward.

High impact News can affect the move of EUR/USD. News like ECB President Draghi Speaks.

 

Apr
16

EUR/USD D1 Technical April 16

EUR/USD is currently testing its resistance at 1.3143 level. Bollinger bands are showing buy signals for the pair but as long pair remain under 1.3170 level it will get pull back. Now if pair manage to break its resistance 1.3143 then it will target 1.3170 level. Price action on both level should be carefully watch. If closure H4 is below resistance level then EUR/USD will rapidly fall towards its support 1.3008 level.

On the other hand, If EUR manage to break through its resistance and give a day closure above 1.3170 level, it will give more bullish strength to pair and EUR/USD will then further move upward.

High impact News can affect the movement of pair. News like Building Permits, Core CPI m/m., ECB President Draghi Speaks.

 

Feb
18

EUR/USD D1 Technical February 18

EUR/USD is in bullish strength. We are expecting pair to  move first down and get a pull back from 1.3280 support level and target 1.3430 which is daily resistance. If pair manage to hold its support and H4 candle close above 1.3280 then bullish strength remain intact. On the contrary, break of 1.3280 level will provide more bearish potential to EUR/USD and pair will then move towards south and target 1.3255-45 level.

High impact News can change the Scenario. News like ECB President Draghi Speaks.

Feb
12

EUR/USD D1 Technical February 12

As we said in our last artical Euro will first test its resistance at 1.3340 level. We are seeing bearish trend for EUR/USD for today. Pair should go down and target 1.3305 level. Bollinger bands are also providing sell signals for the pair.

High impact News ca affect the movement of EUR/USD. News like ECB President Draghi Speaks.

Dec
17

EUR/USD D1 Technical December 17

 

Bollinger bands are showing overbought signals for the pair. Today pair has support at 1.3120-30 level and resistance lies at 1.3195 level. Pair will test its support today. If H4 candle close above support level, it will indicate bullish potential for EUR/USD.

Later on high impact News of ECB President Draghi Speaks can change the scenario.

Nov
30

EUR/USD D1 Technical November 30

Yesterday in New York session EUR/USD got a pull back from its resistance area and dropped up to 75 pips. Pair still has strength to break its resistance level. So, price action on 1.3019 level should be watch carefully, break through this level will take pair northward.

High Impact Data of ECB President Draghi Speaks can change the scenario.