EURUSD TO RETRACE BEFORE DROP: ANALYSIS
EURUSD LOOKS LIKELY TO CONTINUE LOWER HOWEVER WITH THE CURRENT WEAKNESS IN
THE USD WE MAY SEE PRICES RETRACE 50% OF THE WEEKLY MOVE BEFORE SEEING FURTHER DOWNSIDE.
THE ECB ANNOUNCES INTEREST RATES THIS WEEK AND THE PRESS CONFERENCE IS LIKELY TO RE-ITERATE DRAGHI'S
COMMENTS ON MONETARY STIMULUS. EURUSD REMAINS RANGE BOUND UNTIL WE SEE A CLEAR BREAK OF THE SUPPORT AND RESISTANCE.
THE USD WE MAY SEE PRICES RETRACE 50% OF THE WEEKLY MOVE BEFORE SEEING FURTHER DOWNSIDE.
THE ECB ANNOUNCES INTEREST RATES THIS WEEK AND THE PRESS CONFERENCE IS LIKELY TO RE-ITERATE DRAGHI'S
COMMENTS ON MONETARY STIMULUS. EURUSD REMAINS RANGE BOUND UNTIL WE SEE A CLEAR BREAK OF THE SUPPORT AND RESISTANCE.
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