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EUR/USD higher as shorts squeezed on Draghi

Wednesday, April 15, 2015 1:38 PM UTC

Source: Thomson Reuters

Below forecast US capacity utilization & IP weigh on USD, EUR/USD further boosted
Pair near 1.0650 as Draghi notes exchange rate not a policy target, not lowering depo rate further also aids
Offers into 1.0650 then 1.0665/75; 1.0710/20 is key resistance
If pair breaks above resistance, opens door to 1.0775/90 zone

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EUR/USD higher as shorts squeezed on Draghi

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