A more positive “risk on” theme in early September has seen both a modest weakening of the US Dollar, alongside a more resilient tone for the Euro, which has pushed EURUSD back to the upper end of a multi-week, broader range environment.
From a technical perspective, this leaves risks for an intermediate-term bullish shift for EURUSD, but from our viewpoint only triggered by a push up through 1.1791.
Mario Draghi, the ECB President is speaking this morning, which could provide the trigger for such a bullish statement for the EURUSD currency rate.
Furthermore, the pan-European equity benchmark average, the Euro STOXX 50 is attempting a basing pattern, which could also see upside potential in the short-term.
See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/eurusd-poised-for-a-more-positive-signal-with-draghi-speaking-today/