EUR/USD, during and after Mr.Draghi!
Imagine this, the euro went up after Mr.Draghi and this is the second time in a row after his speech. Well, I was pointed at this support 1.1060/80 in my morning EUR/USD analysis and that was the point of bounce after Draghi was answer at the question about growth. Even the Draghi was more dovish then hawkish in his answer, the pair reached the buyers teritory and they reacted strongly, pushing the pair constantly through resistances up. The pair reached the minor resistance at 1.1260/70 and stop there for a while, what I was mentioned in my analysis as well in this morning, the resistance from May 12./13. Next resistance waits for the bulls at 1.0300/20 and that could be the next target for the euro bulls. Interesting day at EUR/USD, this is great!
This is the preview of the EUR/USD moves during the ECB’s Monetary policy statement and Press Conference. What important is, the pair didn’t react strongly on the questions about Greek deal and possible Greek default. Draghi said that they are working on the firm and concrete agreement with Greece. Draghi also was talking about growth projections, about inflation, bonds and ECB’s role in the bonds market. It was interesting for sure. At this chart, you can see how technical analysis works even during the important events like this one!