It seems a little bit weird to talk about anything else today rather than the performance of the most popular couple – EUR/USD. Yesterday’s speech of the President of European Central Bank Mario Draghi sent euro plunging down. And it is not to say that he was even accused of manipulating the exchange rate for European currency. And while that point is not proven and was expressed by Donald Trump – a man known for false statements and manipulating himself, we still saw a horrific plunge for euro, which sadly became a regular behavior for the currency.

It is not clear whether the second part of Draghi’s speech which is scheduled for later today is going to do any good for EUR/USD exchange rate. Right now we can only hope that interest rates are going to remain unchanged, although there is no guarantee for that of course. What would we do if the couple fell even lower? Well, trading it would be out of the question which would deprive euro from much needed support from the markets.

So, while the situation is this unstable we are going to have to use trading signals to be sure of our actions.