Black Pipper

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EUR/USD: Euro recovers from ECB Draghi speech of 2019 lows

The single currency is on the daily chart in a downtrend among the major SMAs. As expected, the US GDP was at 2%. The greenback was weakened with this news and so the EUR/USD was able to recover. The ECB President Mario Draghi at 15:30 makes a speech. The market is trading above the 1.0940 support. A break below 1.0940 would drive the losses towards 1.0890.

Technical Levels

S1 1.0920
S2 1.0889
S3 1.0841

R1 1.1000
R2 1.1048
R3 1.1079


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