Forex comentary

Euro dropped yesterday massively for second day in a row, target around 1.4125 is what we expect in the short term, we should be cautious today as we will know the decisicion of the ECB about interest rates, which is expected to go up from 1.25 to 1.50 which means that the euro should get some value back (in theory).

Yesterday we had confirmation of the drop of the euro, a big black candle showed up crossing and breaking a small support and all M.A., in other currencies, USDCHF is still on this forever downtrend which is making new historic lows. Aussie dollar had a small correction the past sesions and is looking good to continue with the bulls.

Thanks