EURUSD

And I got finally cut. Kinda relief. Now you can turn @ and fall like a rock Euro :/

very busy thread too much to follow ,bullish start to week ,and why not ? but trend traders there looking short

Draghi Says Monitoring Closely Risks to Financial Stability 22:21

Merkel Says G-7 Summit to Discuss Fair Labor Practices 22:20

Draghi Says Structural Reforms Must Be Implemented Promptly 22:20


** since you guys can't hear .. i post..

Draghi: ECB May Top up National Macroprudential Tools if Needed 22:22

Thanks man!! I am at work and cant watch.. Good Info....

1.0970 is showing in my chart. But being Monday, it may not go there for today.

http://www.ecb.europa.eu/press/key/d...0323_1.en.html
On 9 March, we started purchasing public-sector securities as part of our expanded asset purchase programme, which also comprises interventions in the ABS and covered bond markets. Overall, our asset purchases will amount to 60 billion per month. The pace of purchases so far puts the overall program on track to reach a total of 60 billion in March. At this point in time we see no signs that there will not be enough bonds for us to purchase. Feedback from market participants so far suggests that implementation has been very smooth and that market liquidity remains ample.
Our interventions have accelerated a trend that had been evident since some time. A steady process of re-integration across financial markets and jurisdictions had been under way since the summer of 2012. What is new today, however, is that lower interest rates in capital markets are increasingly being transmitted through the entire financial intermediation chain. Lower funding costs for banks have started to influence the cost of borrowing for households and companies. As bank lending rates are being reduced, new investment projects previously considered unprofitable become attractive.
In the short-run, this should sustain the demand for credit and investment. Indeed, the banks covered in our Bank Lending Survey confirm that the easing of lending conditions is progressing hand-in-hand with a resurgent demand for credit to finance business investment. In the longer-term perspective, this will increase potential output.
We intend to carry out our purchases at least until end-September 2016, and in any case until we see a sustained adjustment in the path of inflation which is consistent with our aim of achieving inflation rates below, but close to, 2% over the medium term. The Governing Council will take a holistic perspective when assessing the path of inflation. It will evaluate the likelihood for inflation not only to converge to levels that are closer to 2%, but also to stabilize around those levels with sufficient confidence thereafter. When doing this assessment, the Governing Council will follow its monetary policy strategy and concentrate on inflation trends, looking through any surprise in measured inflation (in either direction) if judged to be transient and with no implications for the medium term outlook for price stability.
The positive results of our new purchase programme should not distract other stakeholders from delivering their contribution to put the economy back on track. Fiscal policies should support economic growth, while ensuring debt sustainability. A full and consistent implementation of the Stability and Growth Pact is key for confidence in our fiscal framework. Moreover, structural reforms should be implemented promptly and with determination. The combination of improved economic structures and sound fiscal policies indeed has the potential to make our monetary policy more effective by encouraging economic actors to take advantage of improved financing conditions and increase investment.

http://www.ecb.europa.eu/press/key/d...0323_1.en.html

just copy/paste no worries and u r welcome

today is all about draghi , no techies here. only giving time to close ot tp

don't think so but let's c what will happen when pa reach @0973 any way

Inflation low = good or bad for currency?

This is something which always confused me.

any kind soul to advice me on this?

sorry for a noob question.

and here we are...

a close above (D preferably) and we should bounce north off this area tomorrow or later in the week....would set us up for the possible retrace next month.

Closes below...and we head south...

Looking more and more at it- all bearish movements were valid up until the FU fomc candle...if you take that candle out...the bullish movement/bounce is invalid.

better and bigger pull back from 1.1- 1,120

This week again going to be a bullish week.

Shorts will start to cover, and so bullish week can be expected.

Hi E you don't think weekly is bullish ?

Hmmm...... Looks like 0986 is inevitable.

Edit: May be not today.

I am waiting for that fall I am short bias

1.0900 max pull back for today.

it looks bullish but it not "in my system"
i still see room to down but any way it's early to tell it is definitely bullish now
let's c where monthly will close next week

from 1,0993