EUR/USD dangerously near March lows ahead of ECB

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 3, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    So, the ECB day finally arrives and as usual, the European stock and bond markets are finding good support, causing yields and the euro to fall. Clearly, the market is waiting for an early Christmas gift from the ECB, but will it deliver? Apart from Greece and Portugal, 2-year bond yields are in the negative territory across the board and they were near their lows as we went to press. Corresponding, the EUR/USD was hovering near the day’s lows of around 1.0550. Given that US yields have risen

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