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he says decreasing QE from $80 to $60 on Aprli...
but i would wait until the end of meeting before buy
Quoting plexyroad
but i would wait until the end of meeting before buy
do you want to buy EUR?
He is sounding dovish to me..
deadly dovish
yes sound very dovish to me!
reduced QE affects the EUR positively... but that is not much reduction. and yes I did buy EUR / USD but my BreakEven already closed... I will wait end of the meeting for re-enter
up for eu, tp
black market if eu up with dovish speech
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utterly dovish as expected fade the rallies and sell into them --trust me lol
dovish statement..indeed..
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dovish statement, but EU climbing up
Quoting LexLuthor
yes sound very dovish to me!

Big boys play game,against the trend ,they form a bull trap ?
it's hawkish for me...
However, Mario.D doesn't want an expensive EURO according import / export ..( export is better for their policy )
So, they have to increase Interest Rate (sooner than later ) without affecting EUR (currency)
Where the hell do you hear dovishness? He decreased stimulus by 20 billions, is optimistic and don't forget that market agreement on march fed rate hike is at 100 % now, so it is already incalculated in usd price. Eur is going up to 1.0625 at least and possibly complete inverted H&S pattern (we'll se about that).
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with super strong ADP report and rate hike all but confirmed by the FED still supports the USD, the EURO will most likely retrace from 1.650.
why is he answering in so much detail, not normal Draghi
despite reducing QE, they haven't completely abandoned it and the interest rate still remains at 0%. With strong ADP report and FED having all but confirmed March rate hike only suggests the Euro will retrace back. it could go up to previous high of 1.640 but wont break that resistance line
Quoting ikouki
He is sounding dovish to me..
Well I take it back, he is sounding emotional and optimistic about the EURO.
he is playing with us rise and fall of a currency , goodbye for those who entered trades with random stop losses upper or down side . , but since there is no rate hikes soon , and didn't remove the possibility of rate suppression much more , it's a dovish until the opposite occurs .
Quoting ikouki
{quote} Well I take it back, he is sounding emotional and optimistic about the EURO.
No worries. This is part of Mario Draghi's old-school strategy. If you were here in the past couple of years you already see that ... What they do and what they say can be different but for same aim. This is what we call "Language" : D
Quoting zerotmoal
he is playing with us rise and fall of a currency , goodbye for those who entered trades with random stop losses upper or down side . , but since there is no rate hikes soon , and didn't remove the possibility of rate suppression much more , it's a dovish until the opposite occurs .
aggree, no doubt we see that EU climbing, but IMHO its just for temporary, EU will continue its bearish trend to US
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For me Euro price for next two month will be more dependent on political development in Europe. There is no big change in monetary policy that can effect it right now. Today's up and down are only short time change.
If Daily close over 1.0580 I will go long for sure ...Upssss but NFP tomorrow .....Solution Long @ Daily close If over 1.0580 SL 1.0520 TP 1.07+ ....G.L
When playing central bank rate decisions news, you have to know if markets have already calculated rate hike/cut in price of the currency prior announcement or not. These market polls are public so anyone can see them. It's still tricky, nothing is for sure in financial markets, but without that vital information, you are betting your money on plain luck.
better not sell or buy EURO currency anymore........much manipulation.....
Quoting Ghassforex
If Daily close over 1.0580 I will go long for sure ...Upssss but NFP tomorrow .....Solution Long @ Daily close If over 1.0580 SL 1.0520 TP 1.07+ ....G.L
If you've missed entry around 1.0550 I'd wait to see if price can brake above 1.0620 - 1.0640 area (neckline of inverted H&S pattern) and enter upon the retest. Risk Reward ratio in not good at 1.0580 as you could see sharp reversal at mentioned area (if we even reach it). Just my 2 cents.
It's simple it's dovish for EUR... They not going to change interest rates anytime soon... an increase would strengthen the EUR and since they won't do anything anytime soon it's dovish for EUR... He said that they still need to see a bigger inflation grow so until he says they've seen it and that they increasing the rates it won't give the EUR necessary boost up...
We been talking about rate 4 rate hike last year and it was only one so far and USD been climbing up forever, Are you guys believe that strong USD can help USA economy. Wait for the NFP tomorrow and march Rate hike, then you will know how the Govt Man. Manipulate the Game. Trade Safe. Enjoy.
Quoting Tom81
{quote} If you've missed entry around 1.0550 I'd wait to see if price can brake above 1.0620 - 1.0640 area (neckline of inverted H&S pattern) and enter upon the retest. Risk Reward ratio in not good at 1.0580 as you could see sharp reversal at mentioned area (if we even reach it). Just my 2 cents.
hope FED intervention market....... no more see over value price with no reason
The weekly graph shows very clearly the eur is back on track for a further wave down.
4hr is trying fighting off a red doji, but to no avail.
sell now and reap the profits tomorrow after NFP.
Quoting Bakker
4hr is trying fighting off a red doji, but to no avail.
H1-H4-D1-W1-MN all show EU downtrend
Quoting Ghassforex
If Daily close over 1.0580 I will go long for sure ...Upssss but NFP tomorrow .....Solution Long @ Daily close If over 1.0580 SL 1.0520 TP 1.07+ ....G.L

T-mins 28 mins CP: 1.0575
See... eu cant climb further high.. And its back to its track (bearish trend)
Wonder how are all EU sellers doing now ? Busy trading or Waiting EU to go down...Imao !!!
https://www.forexfactory.com/news.php?do=news&id=652605 :

ECB wanted to communicate reduced tail risk not step to the exit, March message was "way overinterpreted" -ECB source

Like I previously stated 'utterly dovish' --fade the rallies
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