Hello Traders, Today is the very important day for all the Euro currency pairs as ECB Interest Rate & Press Conference is about to release today. I am expecting Draghi to keep the interest rate unchanged and ultimately it will support EUR and it is very likely to make Eur as a single currency against other pairs.
EURUSD continued to trade mostly consistent and remained to consolidate beneath 1.1026 to the Fibonacci 61.8% expansion level. As recommended in the previous report, the pair remained to trade in a bearish tone and hits the primary target profit level at 1.097 and finished at 1.0972.

Today on Thursday, the investors are suggested to observe the subsequent events:

• German PPI m/m
• Current Account
• Spanish 10-y Bond Auction
• EU Economic Summit
• Minimum Bid Rat
• ECB Press Conference


• Philly Fed Manufacturing Index
• Unemployment Claims
• Existing Home Sales

Technical Overview:

The pair is yet expected to target 1.0935 shortly if it stays beneath 1.1045 today. The significant resistance is observed nearby 1.1065, whilst the intra-day support prevails at 1.0975 & 1.0925.

Daily Trading Range

1.1310 – 1.1025

Daily Support & Resistance Levels
R3: 1.1088
R2: 1.1053
R1: 1.1032
Pivot Point: 1.10998
S1: 1.0965
S2: 1.0944
S3: 1.0910

Trading Recommendation:
Still active Sell Stop: 1.1010
Take Profit:
1st @ 1.0935
Stop Loss @ 1.1035


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