Euro rose after Mario Draghi’s Jackson Hole speech. Draghi addressed issues of root causes of financial crisis, including large current account deficits, large external debt positions and increased lending to domestic firms and households. His mentions of restoring confidence through European Central Banking, addressing structural weakness in productivity, termination of reform agenda and higher labor mobility within Euro area, Fiscal positions need to be maintained and health of the balance sheet restored. Monetary policy can support the reform by safeguarding price stability, but cannot substitute for other actions from the private sector. Banking, Fiscal, Economic and political Unions will also safeguard stable transition of monetary policy.

Mario-Draghi

EURAUD H4

Price has been ranging since the begginging of June, it seems that it might break through resistance at weekly M4, Im looking to buy the pull back.

Source: MT4

EURCAD H4

Price has been ranging, but has recently experienced a break through of resistance at weekly Picot Point. With CAD strength in mind, due to meeting minutes, i will be waiting to see more of a bullish trend before getting in to this trade

Source: MT4

EURCHF

Market is bullish, price is currently at weekly target and resistance. I will be waiting to see where new pivot points are at market open before getting into this trade at support.

Source: MT4

EURGBP

Market is bullish, Price has exceeded weekly and monthly target, which is a very rare occurrence, (not a pair I often trade due to price/currency correlation.) but hoping for a good level of support on new pivot points at market open to get in.

Source: MT4

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