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The ECB-doves are flying high today

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 3, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The Euro-Complex is under decent selling pressure before the critical European Central Bank meeting and President Draghi’s press conference. It is fair to say the market is expecting fireworks. On top of an expansion in its monthly bond purchases from 60 to 75 billion euros, the ECB is expected to chop an additional 20 to 40 basis points off the deposit rate into the uncharted area. The market is now habituated to dovish ECB promises followed by surprisingly more dovish action. In this sense,

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