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EUR/USD capped at 21-DMA, Draghi weighs

Source: Thomson Reuters EUR/USD briefly pierced 21-DMA, Draghi speaks & EUR weighed Pair eyes hourly 1.0875/85 support zone after falling below 1.0900 Short-Term rally viable, 1.1250/00 possible; below 10-DMA/1.0650 dama…

By Jay L. Zagorsky
1 min read
EUR/USD capped at 21-DMA, Draghi weighs
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Source: Thomson Reuters


  • EUR/USD briefly pierced 21-DMA, Draghi speaks & EUR weighed

  • Pair eyes hourly 1.0875/85 support zone after falling below 1.0900

  • Short-Term rally viable, 1.1250/00 possible; below 10-DMA/1.0650 damages view

  • Long-Term outlook still bearish, so oversold conditions need unwinding first

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