The European Central Bank will deliver its rate decision today, September 13th, at 11:45 GMT. Then ECB President Mario Draghi will begin his press conference at 12:30 GMT and will be
on stage for about an hour .There will be an increase in volatility in the market.
The EURUSD immediate support is at 1.1600 and resistance at 1.1650. Dovish draghi is set to weaken EUR, break of the support will target 1.1500 area and below.
on the upside, rally above the resistance will target 1.1720 area. we're to closely monitors the price action towards the areas for a possible breakout. Apply a sound portfolio management and patience cos of the high volatility associated with the press.
if chanced by then,I will update you on the real trend direction. stay tuned.
your trading success is my joy.
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