Euro within Intraday-Levels ahead of the ECB

Euro within Intraday-Levels ahead of the ECB

Rami
07 (09) 2016 - 20:27 (GMT)
0

The Intraday-Levels Indicators showing support level at (1.1220) which if managed to support the market the chance for more advance will be strong toward testing resistance zone (1.1290-1.1300) which in turn may push the market for a bigger dip toward second support (1.1150-70) zone.

Such scenario may be available as markets awaiting tomorrow Thursday 8/9/2016 the ECB rate decision and press conference for Mr. Mario Draghi which may drive higher liquidity and volatility for EURUSD exchange rate.

This scenario start to show symmetric with previous report on Short-Run (see here) which suggested bigger drop.

Above (1.1310) the EURUSD may provide good signals for more advance toward (1.1365) & (1.1398)

EURUSD

× Article short link: https://ramifx.com/?I6M7ah

Rami

Rami

Hi all, my name is Rami, with more than 16 years experience in Forex Market, switching from Brokerage field to Fund Management and Risk Management specialty.I had an idea to establish a Home Page to present my thoughts on Forex Market from three different angle or prospective, Mid-Run, Short-Run & Intraday movements .

leave a comment