The EUR/USD pair is about to reach 1.32. It is necessary to consider the speech of ECB president Mario Draghi announced the monetary policy of the state on Thursday. This may be decisive for the future of the Euro.
In technical terms the euro is trading far below the downtrend line, but according to Momentum indicators and Range provides the bearish signals and a possible imminent correcion. On the other hand if the euro would break the downtrend line and the negotiation of today closed above the 1.3280 level. This fact points that the euro continued its upward trend to 1.3370; therefore selling is recommended at 1.3240 level.
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