EURUSD – On the daily time frame and it is clear that the bears are in control at the moment. The pin tail that we saw after the release of the news by ECB chief Draghi only goes to show a move by the market makers to shake off the weak bears. Right now, the market makers are slowly pushing the pair lower and heading towards 1.35 and next downside target at 1.3475.
Next fibo level to beat is the 38.2% fib level at 1.35179 and the 50% fib level is next at 1.3375.
To your trading success!