EUR/USD: The plunge of the GBP and the prudence of Draghi weigh heavily on the Euro

The Book leads the Euro in its fall

The pressure remains bearish on the EUR/USD pair due to the plunge of the GBP/USD, the Pound is being affected by the perpsective of the vote in the british Parliament on the Brexit tonight, a vote that has very little chances to be favourable, and that will open up a new period of uncertainty in the framework of the series of the output of Britain from the European Union.

The GBP/USD has accelerated its fall this afternoon, a low of 1.2789, down 125 pips from the top at 1.2814 this morning, which is weighing on the EUR/USD pair, which also mark new lows daily at 1.1398 at the end of the european session.

The comments of the president of the ECB Mario Draghi before the European Parliament are probably not strangers to the weakness of the Euro this afternoon, Draghi has estimated that ” recent developments (economic) have been lower than expected “.

From a technical point of view, a break confirmed to you under the psychological threshold of 1.14 would be a bearish signal further after the break below the moving average 200 hours of this morning.

In 1.14, the next support potential is at 1.1350, before 1.13. The increase, 1.1450-60 is the first resistance to take into account, before 1.1480-1.15.

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