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EUR/JPY's key support under threat on dovish ECB

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 21, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The euro fell sharply during the European Central Bank press conference this afternoon. My colleague Matt Weller has written a full review of the ECB press conference, which you could find HERE . In short, President Mario Draghi said the ECB was ready to act as he delivered a bearish assessment on the Eurozone economy, saying the downside risks have increased since the start of the year and that inflation outlook is significantly lower due to the impact of renewed oil price drop. As a

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