The results of the Jackson Hole symposium can be observed on the charts on Monday. The Euro has skyrocketed against the US Dollar. Both speeches of the ECB and the FED leaders have caused a surge in the currency pair. However, the impact of the speech of Janet Yellen was larger than the one of Mario Draghi.
Meanwhile, from a technical perspective it was a perfect break out from the triangle pattern that Dukascopy analysts were talking and writing about constantly. The breakout has occurred to the upside.
In regards to the future situation, it can be expected that the currency rate will reach for the 1.20 mark . However, a full review is required first.
