After ECB Monetary Policy announcements EURO has started to lose blood. And as it was not enough for EURO bulls; the political situation in Spain – Catalan Independence Declaration – fell into the news. We are likely to see a weak EURO for a while. I believe that Draghi does not want a strong EURO.
Dollar Index ( DXY ) will play an important role in EURUSD game.
Both DXY and EURUSD completed the Head and Shoulders pattern and broke out the support/resistance.
The success ratio of this pattern on hitting its targets is 80%. And the first target of the pattern is 1.14300.
Dollar Index ( DXY ) will play an important role in EURUSD game.
I have mentioned the possible entry levels on the chart.
My targets will be 1.156000 and 1.143000 mid term.
Dollar Index ( DXY ) will play an important role in EURUSD game.
Both DXY and EURUSD completed the Head and Shoulders pattern and broke out the support/resistance.
The success ratio of this pattern on hitting its targets is 80%. And the first target of the pattern is 1.14300.
Dollar Index ( DXY ) will play an important role in EURUSD game.
I have mentioned the possible entry levels on the chart.
My targets will be 1.156000 and 1.143000 mid term.