Yellen and Draghi drove the euro to the dollar to two-year highs

The euro began a new week with growth to its highest levels since January 2015, continuing the movement, which gave impetus to soft comments from the head of the Fed, Janet Yellen. An additional reason for the optimism of the bulls provided unfulfilled expectations that the head of the ECB Mario Draghi dissatisfied with the growth of the euro in Jackson Hole. Speaking at the annual conference of the Fed, Draghi said that the ultra-soft monetary policy of the ECB works and the economy of the Eurozone continues to recover. The latest changes in the technical picture confirm the continuing upward trend, and while the nearest target for EURUSD remains 1.20, in the long term one can expect the rate to increase to 1.2166 (50% from the decline from 2014) and 1.25 (38.2% from the bearish cycle from 2008 ).

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