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EUR/USD Forecast: waiting for Draghi to surprise

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 10, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    The EUR/USD pair shed its latest gains and trades near the base of this week range, still presenting a neutral stance as investors wait for Draghi. Markets have already priced in some fresh stimulus for today, but there's loads of uncertainty on what the Central Bank may offer today, beyond further cuts in the deposit rate, by 10-15bp. Many market participants believe that the measure will not be enough at this point, and that Draghi needs to add "something else" like a LTRLO extension,

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