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ECB Delivers, But Draghi Propels The Euro Sharply Higher

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Mar 11, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

    Sep 9, 2015
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    Yesterday, an early euro decline on the ECB policy announcement was reversed as Draghi indicated no need for further rate cuts. EUR/USD rebounded sharply to the 1.12 area. Today, the eco calendar is thin. So, the post-ECB repositioning might continue. We look out for a euro topping out process.[​IMG]

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