Technical Outlook and Chart Setups:
The single currency pair demonstrated wild swings just after the ECB decision. Those buying at 97.00 levels were trapped in badly. As depicted above, the single currency pair has got support 0.618 Fibonacci level of the last swing rally (94.00 to 97.50). Believe it or not, the structure still remains constructive for bulls and there is no change in our projected targets around 98.00 levels at least. Interim resistance comes in between 97.00 and 97.50 while support remains at 94.00. Till the prices are above 94.00, staying long is very much recommended.
Trading Recommendations:
Hold on to the long positions taken earlier, stop at 94.00, target 98.00/50.
Good Luck!