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EUR declines across the board, whilst USD bulls gain some inspiration

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 23, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    Global Market The dovish rhetoric of Thursday’s ECB’s press conference continues to linger on through the global currency markets with the EUR experiencing a hefty decline against most of its counterparts. A near 250 pip drop was observed in the EURUSD as prices cut through the 20 and 200 daily SMA resulting in 8 week lows of 1.1071 achieved as of writing. Sentiment remains bearish for the EUR as increasing fears of an economic slowdown in Europe combined with September’s deflationary CPI of

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