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European central bank (ECB) is expected to raise deposit rates in Q3 2019 but that has faded now. It is also expected to raise refinancing rates in Q1 2020 , previously was at Q4 2019. Euro is currently trading at 1.1420$ with low at 1.1389$ and high at 1.1440$ .

 Bears have been dominant on eur/usd since mid October , , However , there is a new bullish trendline is in formation since mid November after finding the low at 1.1210$. Those who have been trading euro for the last 3 years , will definitely recall that famous resistance and support area in early 1.12$ and it has proven its reliability once again. Euro rallied on friday after Non farm payroll report which missed the forecasts while unemployment cam flat at 3.7% , However , the bearish trendline stood still against this rally and euro gave back those pips to fall again to 1.1390$ from 1.1425$ . Euro may find support again at 1.1330$ area where it may meet the red bullish trendline . On the upside , breaking the bearish trendline will open space for retesting 1.1520$ again. I recommend going long again from 1.1375$ area .

The pair has been climbing over trendline since 1.0330$ reaching major resistance at 1.0770$ which was the price before draghi press conference last december. The pair has broken that trendline and it is expected to test the lower trendline and the 200h moving average both lying at the area between 1.0650-80$ So it is recommended to short the pair at current area 1.0725-1.0745$ targeting above mentioned area. Wish you all profitable trading

Ahead of the ECB meeting today and the expectations of what mario draghi will decide for the QE program. I would like to make a fundamental prediction here. Draghi is destined to bring the euro down , so I am expecting that draghi will disappoint the markets and we will see a  phase 2 of euro depreciation. The target of the coming phase will be 0.96$ as first target and may be final target as well before we see the euro heading back to 1.26$ Thank you all for you time and wish you all profitable trading

The pair has pulled back slighlty after rallying on friday on back of FBI investigating hillary clinton emails again. Euro rallied almost 60 pips after the news and pulledback to previous resiatance area at 1.0940$ The pair might be taregting 1.10$ as first target if that area holds. Stop loss would be on 1 hour close below 1.0940$ or 1.0920$ where trendline might lie and provide some support..