EUR-USD Analysis March 06 2015

With ECB President Mario Draghi’s speech, EURUSD fell down to 1.1110 and 1.1000 levels. Yesterday continued to fall until 1.0986 and yet in the last tarding day now it is currently 1.09815 at 9:26 AM (GMT)

After the speech of Draghi the next major effect will ve NFp coimg from US. The NFp data before FOMC meeting in March and speech of Janet Yellen also should be followed.

Technically for EURUSD, 1.1085 – 1.1115 levels are important. If the prices stay below these levels, it may go down below 1.0985 resistance. If so, this may trigger of going down to 1.0915. In order to be in long positions traders should wait 1.1115 break.

For the long term, as in seen in monthly chart, 1.07777 and 1.05688 might be expected below 1.1115 levels. So the trend is still down.




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