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The lesson from the EUR/USD turnaround on the ECB decision

Discussion in 'Education, Tutorials & Courses' started by ForexLive, Mar 10, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Citi quickly blown out of EUR/USD short recommendation, they weren't alone There is a tough balance between jumping in on a trade because of the news and being patient. Technical analysts at Citi came out with a after the ECB decision on rates but before the press conference. They said to sell at spot (1.0867 at the time) with a stop loss at 1.1080 and a target at 1.04-1.05.

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