EURUSD TECHNICAL ANALYSIS
EURUSD
The euro plunged over 200 pips after the ECB announcement turned out to be even more dovish than expected. It lost ground against all the other majors.if the market does settle at 1.2840 and there will be profit-taking & position squaring then look for a possible retracement back to 1.3040 to 13070.main long-term range is 1.2000 to 1.4000, the downside momentum continues to look for an eventual test of 1.2580-1.2620.
This review does not including any document and / or file attached to it as advice or recommendation to buy / sell securities and / or other device.
The euro plunged over 200 pips after the ECB announcement turned out to be even more dovish than expected. It lost ground against all the other majors.if the market does settle at 1.2840 and there will be profit-taking & position squaring then look for a possible retracement back to 1.3040 to 13070.main long-term range is 1.2000 to 1.4000, the downside momentum continues to look for an eventual test of 1.2580-1.2620.
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