Draghi Speech Set for Today's Session

Fed Chair Janet Yellen's speech during yesterday's session took on a much more informative stance as she mainly discussed the various technological advancements and globalization issues.

Should the EUR / USD pair reach its resistance range at 1.1380 points, then the currency pair might be able to test its range highs of 1.1420-1.1470 points, which can be further propelled by the next scheduled speaking engagement from ECB's Mario Draghi, whose hawkish comments yesterday triggered a sharp surge in the currency pair's value.

His statement also cemented investor speculations of a speedier tapering off of the ECB's QE policies within the eurozone.

Meanwhile, the NZD / USD experienced a widespread shutdown of long positions during yesterday's session. 1498634723_1.png

The material has been provided by InstaForex Company - www.instaforex.com