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EUR/USD Analysis: Flirting with long-term rising trend line level

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Euro chewed through offers, blew up stop losses as it recovered from the post-ECB low of 1.0822 to print a high of 1.1218 levels. The question on everyone’s mind was what went wrong, especially since the ECB delivered the goods. Announced Refi rate cut (surprise) 10 basis point deposit rate cut QE expanded to EUR 80 billion Announced TLTROs The big bazooka ended up being a big failure and Draghi is being blamed for the same. The President, while addressing questions, said he does not see a

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