During today's trading on the prevailing demand for the euro , which is expected to last at least until the Draghi speech , which is projected to be painted in soft colors .
The single European currency: All eyes on Draghi
The pair continues to grow , rising above the key support 1.3500 , while market participants are looking forward to Mario Draghi's speech . According to analysts , most of all, the tone of speech , as well as on Monday, will be soft .
DeltaStock.com analyst believes : " The current breakthrough 1.3520 signals a reversal in the area of 1.3460 , but in my opinion , the consolidation below the maximum of 1.3568 is not completed yet , so it's possible breakthrough day support 1.3493 and the beginning of a campaign to 1 , 3390 . At the same time, serious resistance for the euro will be the level 1.3540 . "
Technical levels
The pair rose to 0.14 %, approaching 1.3508 . As the barriers to growth are: 1.3555 ( Sept. 23 high ) , 1.3569 ( Sept. 19 high ) and 1.3598 (maximum 5 February). On the other hand , the breach of 1.3459 ( 23.6 % pullback on the motion 1,3104-1,3569 ) , for sure , will open the way for the currency pair 1.3453 ( Aug. 20 high ) followed by 1.3399 ( 28 high August).
