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The GBP/USD pair fell down to 1.4117

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/USD The ECB delivered and more, but the announcement of a multifront extension of the financial stimulus backfired on Draghi's face, as the common currency plummeted to 1.0821 against the greenback with the news, only to soar beyond 1.1200 mid American afternoon. The ECB decided to cut rates across the board, leaving the main benchmark at 0.0% from previous 0.5%, and cutting the deposit rate by 10bp as expected, down to 0.4%. Also, QE was expanded to €80bn per month starting in April, with

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