EURUSD: Daily Monitor

We wanted to publish the last chart for two reasons: the correct positioning of our stop (-35 pips) and correct bearish SWING to the lower TL of our channel. Draghi yesterday showed once again, all his intelligence, and once again, thanks to his rhetoric, he managed "temporarily" to stop the uptrend on eurusd. We expect a rebound next week, probably after a consolidation at these levels. As can be clearly seen in our previous analysis, we consider very important 1.1070 level, so if we were to drop below this level, the area 1.0990 could limit further descents (1.0850 support long-term). Tomorrow or Sunday will be published an important analysis of the short and medium term. At the moment, We expect a rebound until at least 1.1240 area.

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