EUR/USD drops by 144 base points

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs37%31%14.7%
Shorts63%69%-8.5%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)BuyBuyNeutral
Stochastic(5;3;3)BuyBuyNeutral
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)SellSellSell
Aggregate

During Draghi's speech on asset purchase program, the European Single Currency depreciated by the 144 pips or 1.27%. The reason for such a sharp depreciation of the European Single Currency was the announcement that the purchase program would not be stopped. The ECB will continue buying government bonds.  

In regards to the near-term future, most likely, the currency exchange rate will trade between the monthly S1 at 1.1240 and the 61.80% Fibo.  

On the other hand, the US Dollar could depreciate against the European single currency during today's US Employment data sets release at 13:30 GMT to fit into the medium pattern at the 1.1250 level.

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