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EUR/JPY: How Low Can EUR Go?

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 23, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    About a month ago, we looked at the daily chart of the EUR/JPY in the immediate aftermath of the European Central Bank press conference – for details click HERE . As a reminder, ECB President Mario Draghi delivered a bearish assessment on the Eurozone economy, saying the downside risks had increased since the start of the year and that inflation outlook was significantly lower due to the impact of renewed oil price drop. As a result, he said, the ECB will review and may reconsider its monetary

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