Technical Analysis of EUR/USD intraday Trading

January we seen this pair moves in broad range between 1.0815 and 1.094, before settling at 1.0918

On Wednesday during US session this pair break the range in upside which gives bullish indication.

Today ECB President Draghi Speak may make it more high to confirm the uptrend.

Our Most likely Scenario:- Long above @1.1058 with target 1.1300 for further extension.

Alternative :- Short below @1.1058 with target 1.0942 for further retracement.

RSI moves in bullish direction

Trend bias:- Bullish Trend

Candlestick pattern:- Piercing Line Pattern gives bullish indication

Moving average gives buy indication

Summary Strong Buy

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