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ECB drives EUR/USD below 1.0600, but US data fails to extend the selloff

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 26, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    It’s been quite a busy morning for EUR/USD traders, despite the impending US holiday. The fireworks kicked off at the start of today’s European session, when a report from Reuters revealed that ECB policymakers were weighing more unconventional monetary policy tweaks in an effort to stave off deflationary pressures in the Eurozone. The two specific policies that the ECB is reportedly mulling over include a two-tiered bank charge to help the (primarily German and French) banks that hold massive

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