EURUSD falls towards 1.2200 as rebounds during the US session


dollar, Draghi, ECB, EUR/USD, EUR/USD Forecast, EURO, European Central Bank, EURUSD analysis, EURUSD outlook, EURUSD technical analysis, Mario Draghi, ABS,TLTROs, asset backed securities, broad based asset purchases, U.S Dollar, USD, EUR/USD outlook, EURUSD forecast, EUR/USD technical analysis, EUR/USD analysis, EUR/USD projections, EURUSD projections, EURO Euro falls towards 1.224 as the day traded sideways after falling initially but regaining losses during the U.S session as the dollar becomes overbought.

dollar, Draghi, ECB, EUR/USD, EUR/USD Forecast, EURO, European Central Bank, EURUSD analysis, EURUSD outlook, EURUSD technical analysis, Mario Draghi, ABS,TLTROs, asset backed securities, broad based asset purchases, U.S Dollar, USD, EUR/USD outlook, EURUSD forecast, EUR/USD technical analysis, EUR/USD analysis, EUR/USD projections, EURUSD projections, EURO A breakthrough of 1.2300 will be first indication of a reversal but the 1.2367 level remains the key resistance before the EUR/USD can hit heights of 1.245 again and 1.2500 along the 200EMA before the ECB TLTRO decision on Thursday.

dollar, Draghi, ECB, EUR/USD, EUR/USD Forecast, EURO, European Central Bank, EURUSD analysis, EURUSD outlook, EURUSD technical analysis, Mario Draghi, ABS,TLTROs, asset backed securities, broad based asset purchases, U.S Dollar, USD, EUR/USD outlook, EURUSD forecast, EUR/USD technical analysis, EUR/USD analysis, EUR/USD projections, EURUSD projections, EURO A fall below 1.2300 on the intraday will see 1.224 support retested as the 55EMA looks to dip lower. The MACD approves of the bearish trend continuation at time of writing.

 

Trend Direction
S3
S2
S1
R1
R2
R3
Entry
Stop Loss
Exit
 Bearish  1.212  1.221 1.224  1.2300 1.236 1.245

Share Your Opinion, Write a Comment