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Ahead of ECB rate decision markets are quiet

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 7, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    We have the ECB meeting this week and the eyes are on mr.Draghi. He said recently that ECB is ready to act in March. What means this si still not clear and the market is in a consolidation mode for the last two weeks. I expect it to remain in this state until Wednesday too. For no the price is locked between 1.0970 and 1.1050. Of course breaking of either is possible before ECB meeting, but the final direction will be determined after the decision is released. Any further cut of the ECB

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