Time frame: D1
Technical analysis: Over the past 3 months, the EUR/USD pair has been under pressure and sales were preferred. On the chart we can see that since the beginning of November the EUR/USD pair has entered a slight upward trend, making higher lows and higher highs. However, we should not forget that the pair is in a long-term downward trend. Over the last 7 days the bars have become small and have many overlaps, which signals that the market expects information, the press conference of Mario Draghi which is at 15:30 EEST. The pair is close to the trend line support and is ready for a Breakout.
Indicators: 50 and 200 EMA are above the price and are considered as dynamic resistance.
DeM - in neutral territory
Entry point: As Mr. Draghi's statement is today, it is good to wait for it to end and then to enter the market in the direction of the trend.
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