Draghi and macro projections ahead
As the market awaits for the presses from Draghi and the economic projections (GDP and inflation should be lowered), the price action is downright UGLY. Looking at the hourly chart, the pair has been trading up and down over the last 24 hours or so with a low at 1.1355 and a high of 1.1393. What to do? Flip a coin.
One thing you can look for is a momentum break outside of the box or trade against an extreme and hope it stays an extreme and goes the other way. The third thing is to stay away.
Look for clues in the comments from Draghi and a bias reaction (up or down). \
The "market" is doing what it is doing because it does not know what to do. At some point it will figure it out.
