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Draghi miss' propels euro sharply higher

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 4, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    On Thursday, the euro initially declined further as investors prepared for aggressive ECB easing. They didn’t want to be euro long going this hyped ECB meeting. The euro spiked already higher just before the ECB announcement on rumours of an unchanged decision. These rumours proved wrong, but the ECB decision didn’t stop the ‘new’ market dynamics anymore. The ECB ‘under-delivered’ as it ‘only’ cut the deposit rate to -0.3% and as it didn’t expand the monthly asset purchases. This triggered a

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