EUR/USD Forecast: lower ahead of the ECB

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 22, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The EUR/USD pair is under selling pressure ahead of the main event of the day, the ECB's economic policy decision. The pair fell down to fresh weekly lows, down to 1.1301 with the European opening, and is having a hard time to bounce back to its comfort zone around 1.1340/50. The European Central Bank is generally expected to maintain its ongoing economic policy unchanged, although lately, investors have been speculating Mario Draghi may announce an extension of their QE, as after ten months

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