Dovish Draghi drives down the euro after promising more QE ‘if necessary’. I show yesterday that drawn trend line could be useful if it will be broken and retested from bellow. This happens today on 1h chart and then above mentioned news came out, which drag EUR down on all pairs.

eurusd-1h

On daily clean chart, I marked possible further path.

eurusd-d

There is drawn blue level of role reversal, to which price could retrace after today’s fall. So be prepared for short signal there above on 4h and 1h charts.

In EU tomorrow there is no major red news, in US we have Non-farm Employment Change news.

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