ECB preview: Dovish Draghi expected, so could EUR/USD rise?

Dilution is the solution? China dovish = usd/cny +, Japan dovish = usd/jpy +, ecb dovish= usd/eur -?

way to many players long on eurusd at its current consolidation level. guarantee long squeeze past 1.12700 then all the way up

Shorted eur/usd here 1.1369 aiming 1.1300 TP1 1.1270 TP2 1.12475 TP3

Still in.... planning to add one more short at 1.14200. Imo they are killing weak shorts for the true move downward tmr

I smell a bull trap.....

Sure dovish,
1. ...bad data on Europe, bad inflation, bad growth
2. ...although stronger, mind that USD is not thriving either!!!

ECB, Davos, Brexit... where the fk are the Jagger moves?????
...range forever?!?

just talking bulls

The bulls are temporary buying the 2nd UK referendum idea and the US news on The Wall new equipment... if the crazy wall idea is still alive, the US is going down with it.

Patience is a virtue. Over the past days the Euro has been hovering around the 1.1368. I have this feeling that after Mr. Draghi has his typically dovish say, that the Euro will tumble to around the 1.1270 (support level hit three times last year). Moreover in doing so it will again pass and affirm the Fibo at 61.8%. Then I will definitely be going Long. No way will I be going long at this stage until clear confirmation has been proven.

Europe is in deep trouble
I can't see any reason to buy it medium term.
Yields negative economy negative maybe the technicians have a different view.
I say good luck

Good Morning Lasty,

Yes I agree with your sentiment. However if I can explain at least from this Technical Analyst’s point of view. Set a 24H chart and then proceed to set a Fibo scale to the following values, 100% at 1.035925 and the 0.0% to 1.284196 you will see that last year the Euro hit and or went past the Fibo 61.8% level, seven times. Each time it has done this it then strengthens proceeds straight to the region of 1.1450, when fundamentally as you have accurately described it has no business in doing so. 2018 was no different to the Euro fundamentals and yet it still does this amazing rise. Now here’s the punch line. The fear is that if the Euro ever reached parity it would probably do a vanishing point. So someone is clearly buying the Euro large enough to control it. Think about this, who has the most to lose. Of course there always the chance it could break through previous support lines and then proceed onto oblivion. LOL

Ha Ha, I can't resist chuckling because I totally agree with you BUT the EUR remains trapped in the tight range.

As for myself I'm going short at 1.14 because when Draghi speaks everyone sells.....

When everyone says "Rise", it means that eur could drop