Technically speaking….EURUSD tries to keep a lid on it post Draghi

Midpoint of year/day hold the line
The EURUSD has moved back higher as trading below the 1.0788 level () could not solicit much selling and the “Draghi event” finished.  Short below 1.0815 covered.  Stocks in the US also gave back their gains (now moving higher again in volatile trading).The post Technically speaking….EURUSD tries to keep a lid on it post Draghi appeared first on Forex news – Iqoption – Binary options.

EUR/USD recovers ground as dust settles post-Draghi

FXStreet (Córdoba) – EUR/USD bounced from below 1.0800 and recovered some ground over the last minutes as dust settled after ECB President speech.Among key remarks, Draghi said they will possibly reconsider monetary policy stance at next meeting in early March as downside risks have increased again and added there are “no limits” on how far ECB is prepared to act, opening the door for more action.EUR/USD reacted negatively, falling to a 2-week low of 1.0777, although it managed to take back some losses, climbing to 1.0845 in recent dealings. At time of writing, the pair is trading at 1.0835, down 0.52% on the day.EUR/USD levels to watchIn terms of technical levels, on the downside, next supports are seen at 1.0770 (Jan 7 low) and 1.0710 (Jan 5 low). On the upside, immediate resistances line up at 1.0975/84 (Jan 20 & 15 highs), 1.0997/1.1000 (100-day SMA/psychological level) and 1.1048 (200-day SMA).EUR/USD bounced from below 1.0800 and recovered some ground over the last minutes as dust settled after ECB President speech.

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