After ECB unchanged rate decision at 0.00% followed by a press conference by Mr. Draghi with a positive tone on EU, EUR/USD rallied to 1.0676 high. The pair extended bullish momentum after Trump's protectionist speech on Friday and clocked 1.0754 today followed by collapsing US index that bottomed today at 100.17 2017-fresh lows. Today, 11:30 PM GMT, Draghi will make a reappearance with a press conference to discuss EU zone further more. Also, tomorrow at 9:30 AM GMT, the final decision on EU court ruling and the release of article 50 will have an impact on EUR/USD levels.
Trend: bullish Sideways
Key levels to watch: Daily Pp 1.0708
Resistance levels: R1 1.0768, R2 1.0815, R3 1.0862, R4 1.0929
Support levels: S1 1.0691, S2 1.0627, S3 1.0570, S4 1.0486
Remark: Look forward for Draghi's speech today and the release of article 50 tomorrow which will impact EUR/USD levels.
Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.