Forex technical analysis: The best you can say about the EURUSD is...?

Discussion in 'Technical Analysis' started by ForexLive, Oct 22, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Draghi is 24 hours away.... The EURUSD remains contained. What else do we know? The best we can say, Draghi up in less than 24 hours. The market is trying to force more QE into his comments (they will likely do it every month). The ECB has said that QE would continue until Sept 2016. We are in October. So end date is 11 months away. Is there a rush to increase it? He may skew his comments though. Look for a break. Know the extremes though as the tides can turn at support and resistance if there is not a reason to break.

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