Razvan

EURUSD - Waiting for Draghi to speak

FX:EURUSD   Euro / U.S. Dollar
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Before president Draghi, will have his speech in 1 hour, the technical view of EURUSD is very interesting. It is now in a very important resistance zone , and with some good news from the ECB, we could see a break over 1.2620, with the next target at 1.3. Otherwise if M. Draghi will disappoint it audience we might see the euro lower, back to 1.24. To emphasis the price action, we could take a look over the RSI (24). a break over channel line could send it to the overbought level, otherwise a fall under the trend line , will be a negative signal. What scenario would you bet on ?

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