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Quiet Before Payrolls

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 4, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Yesterday’s Trading: The euro/dollar rose by 450 points on the American session to 1.0980. The active closure of short positions on the euro was sparked by the ECB decision and what Draghi had to say. Market participants expected more aggressive measures to be taken with regards to relaxing monetary policy. Volatility on the market rose 9 minutes before the official ECB release. Before the results of the ECB meeting were out, the Financial Times wrote on twitter that the ECB would not change

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