EUR/USD Bullish Continuation Despite Draghi’s Dovishness

Technical analysis of Forex market

Despite ECS President Mario Draghi’s dovishness about the Brexit and it’s weight on the eurozone’s growth the EUR/USD is still technically bullish

1.1255-65 is the POC zone which is supported by the bullish SHS pattern that point to the north. We can also see that the LOA (London Open Advanced) indicator/system is supporting the bullish move for the EUR/USD pair. Targets are 1.1286 (W H5 camarilla pivot) and only if the W H5 breaks we will see 1.1320-30. Have in mind that the overshot of W H5 is very bullish for the pair and that the bulls are strongly dominating. Only a break below 1.1240 will put the pair to neutral mode.

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