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EURUSD downside risk took the market attention again

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 23, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The common currency started to attract the market attention again by the end of last week, after The ECB president Mario Draghi assured on the ECB's readiness to take more stimulus measurements saying that "ECB Will Do What It Must to Spur Price Gains". Oct EU CPI came last Monday showing rising by 0.1% y/y following falling in September by 0.1%, while the ECB inflation target is 2% yearly or what's close but below it. This current low inflation level which is far from this rate drove Draghi

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