Update: Euro suffers sharp losses

Economies.com
2016-12-08 18:08PM UTC

The EURUSD pair declined sharply affected by Mario Draghi's statements, which can be reviewed through this report, to break 1.0778 level and continue its strong decline to break 1.0685 level and settle below it, which stops the recently suggested positive scenario and put the price under potential negative pressure, especially with Draghi's mentioning the pressures on the Euro zone economy.

 

Now, we need to monitor the upcoming trading especially the daily candlestick according to 1.0685 level to confirm the next destination clearly.

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