EURUSD TO RETRACE BEFORE DROP: ANALYSIS

2019년 1월 22일

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.