-
EUR/USD Rallying Around the ECB Decision and Draghi Press Conference
Trendline Support: The previous 1/7/2013 EUR/USD update noted respect of 1.30 and a rising trendline. The market kind of hung around 1.3050 just ahead of the ECB monetary meeting. But even before the meeting, the market rallied to 1.31 where it hung around a bit. Then after the policy statement was released, the EUR/USD rallied higher, and extended this rally during Mario Draghi’s media conference. Previous consolidation: This rally is very sharp, and is pushing above the support of the previous consolidation area. The 4H RSI busted through 60, showing loss of the nascent bearish momentum that started the year...
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Jan 10, 2013 9:54am Jan 10, 2013 9:54am
- teefx
- | Joined Sep 2009 | Status: Member | 32 Comments
- Comment #2
- Quote
- Jan 10, 2013 10:13am Jan 10, 2013 10:13am
- donduong
- | Joined Nov 2012 | Status: Member | 34 Comments
- Comment #3
- Quote
- Jan 10, 2013 10:23am Jan 10, 2013 10:23am
- teefx
- | Joined Sep 2009 | Status: Member | 32 Comments
- Comment #4
- Quote
- Jan 10, 2013 10:30am Jan 10, 2013 10:30am
- fxtimes
- | Commercial Member | Joined Nov 2009 | 402 Comments
- Comment #5
- Quote
- Jan 10, 2013 10:31am Jan 10, 2013 10:31am
- Gofer Pips
- Joined Jul 2008 | Status: "Not all information is beneficial. | 63 Comments
- Comment #6
- Quote
- Jan 10, 2013 10:31am Jan 10, 2013 10:31am
- Just_Trader
- | Commercial Member | Joined Jan 2013 | 2 Comments
- Comment #7
- Quote
- Jan 10, 2013 10:32am Jan 10, 2013 10:32am
- fxtimes
- | Commercial Member | Joined Nov 2009 | 402 Comments
- Comment #8
- Quote
- Jan 10, 2013 10:48am Jan 10, 2013 10:48am
- Guest
- | IP XXX.XXX.55.255
- Comment #9
- Quote
- Jan 10, 2013 10:54am Jan 10, 2013 10:54am
- Guest
- | IP XXX.XXX.156.10
- Comment #10
- Quote
- Jan 10, 2013 10:57am Jan 10, 2013 10:57am
- Squeeze
- | Joined Dec 2012 | Status: Member | 1195 Comments
- Comment #11
- Quote
- Jan 10, 2013 11:02am Jan 10, 2013 11:02am
- Squeeze
- | Joined Dec 2012 | Status: Member | 1195 Comments
- Comment #12
- Quote
- Jan 10, 2013 12:36pm Jan 10, 2013 12:36pm
- Idoscon
- | Membership Revoked | Joined Jan 2013 | 691 Comments
- Comment #13
- Quote
- Jan 10, 2013 12:40pm Jan 10, 2013 12:40pm
- culibate
- | Joined Feb 2012 | Status: Member | 184 Comments
- Comment #14
- Quote
- Jan 10, 2013 1:08pm Jan 10, 2013 1:08pm
- Guest
- | IP XXX.XXX.2.93
- Comment #15
- Quote
- Jan 10, 2013 1:52pm Jan 10, 2013 1:52pm
- Guest
- | IP XX.XX.26.143
- Comment #16
- Quote
- Jan 10, 2013 10:41pm Jan 10, 2013 10:41pm
- Abhimanyu
- | Joined Jan 2013 | Status: Member | 328 Comments