EUR / USD downtrend, medium and short-term movements too short
Pierced horizontal support, indicating that downward movement continues
Indicators also have a strong sword formation: CCI was under -100 indicating that it enters the zone of possible accelerated moves towards declines. RSI (14 9) also shows Short, 14 Period enter the area below 20, indicating over-sold market.
Everything indicates that the mood is very negative.
On the other hand, today we expect the ECB meeting on interest rates and monetary policy. There will be strong movements. The ECB is expected to announce the start of QE, which will have a negative impact on the EUR.
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