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Euro/Dollar: Euro on the Rebound Due to ECB Meeting Expectations

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURUSD 1H Yesterday’s Trading: My Wednesday expectations for the euro came off in full. The U-turn for the euro/pound after UK stats came out piled pressure on the euro/dollar. The rate fell to 1.0890 despite the fall in the US stock indices. Negative US stats also couldn’t change how the cards were being played as the ECB meeting and Draghi speaking approaches. The US CPI for December was -0.1% (forecasted: 0.0%, previous: 0.0%).The CPI without taking inflation for food and energy in the

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