Back
1 Apr 2014
EUR/USD: waiting for Draghi to unveil his toughs - FXStreet
FXStreet (Edinburgh) - According to Valeria Bednarik, Currency Analyst at FXStreet, market participants remain cautious ahead of the ECB gathering on Thursday, prompting the current lack of direction in EUR/USD.
Key Quotes
“But for the most, these last days range prevails as market player can’t take a stance ahead of ECB meeting upcoming Thursday”.
“Technically, the pair maintains the mild bullish tone seen on previous updates, as the 4 hours chart shows price recovered above key 1.3780 level, Fibonacci support and 200 EMA, while indicators grind higher in positive territory”.
Key Quotes
“But for the most, these last days range prevails as market player can’t take a stance ahead of ECB meeting upcoming Thursday”.
“Technically, the pair maintains the mild bullish tone seen on previous updates, as the 4 hours chart shows price recovered above key 1.3780 level, Fibonacci support and 200 EMA, while indicators grind higher in positive territory”.