EUR/USD Bounces To 1.1224 Intraday

EUR/USD BOUNCES TO 1.1224 INTRADAY AFTER CLOCKING A HIGH 1.1327 ON 8TH SEP WHEN DRAGHI RELEASED THE ECB

EUR/USD Chart

Right now, the EUR/USD is trading at 1.1224 8 AM GMT, and it’s expected to be bearish reaching the first support at 1.1225 and below H5 PP 1.1233

Draghi will make an appearance today at 10 AM GMT, and the EUR will either makes a correction and shift info bull candle charts, or will continue dropping.

Keys to keep eyes on : H5 PP 1.1233

S1 1.1225, S2 1.1212, S3 1.1191, S4 1.1159

the other scenario: R1 1.1247, R2 1.1263, R3 1.1286, R4 1.1321

Remark : Both scenarios should be taken into consideration, the major factors that will set the course are traders buy/sell and Draghi’s further speech on the ECB.

Trend: Bearish.

DISCLAIMER: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

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