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Draghi and Co. fail to live up to market's dovish expectations to send the EUR soaring

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 3, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Price action today was almost entirely dictated by the ECB with the rate decision being considered one of the most important of the year. Heading into the decision, EUR/USD reached fresh multi month lows and fell below 1.0550 amid speculation that the central bank would continue their recent trend of over deliver. However EUR went on to see substantial strength just ahead and then in the wake of the decision, initially gaining off reports from the FT that the central bank were set to surprise

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