EUR/USD, sharp fall after Draghi!

mario urlic eur-usd 22.10.-2

Mr.Draghi knows how to crush the euro lower, he is well known by his dovish stance and talk. This time during the press conference was the unwriten rule, when Draghi talks, short euro is sure thing. I wrote that today before the press and here we go, down for 200 pips until now. The pair broke trendline easy, daily MA100 and it aproached to daily MA200 at 1.1124 as well. The low for now is 1.1131 and there is no bounce at all. We could say that, there was dead cat bounce at 1.1170 for only 20 pips, after wich the fall continued. This support at 1.1080/100 is important now, there is strong weekly up trendline as well at that level. Let’s see were the pair will stop the fall?

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