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Special report: EURUSD possible master candle after ECB decision

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 10, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    As presumed the ECB decision made a hectic movement on Forex and Equities. The ECB decided to cut main refinance rate to 0.0% while markets expected 0.05% + deposit rate was cut to -0.40% vs 0.40% expected. Four new Targeted longer-term refinancing operations (TLTROs) have been announced with QE shift to €80bn Initially EURUSD has been sold to 1.0820 but when Draghi stated there will be no rate cuts Algos stepped in, equities were sold and that created a huge move up in the EURUSD towards

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