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Will the ECB Cut Rates this Week?

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 30, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The Euro continued to stumble against the US dollar as the bearish trend dominated the pair. Euro looks destined to test the 12 year lows found earlier this year especially with the ECB meeting this week and US Nonfarm Payrolls. The Euro continued to drift lower against the US dollar last week as the expected diverging monetary policies look to be taking shapeand will do so until mid-December. The ECB suffered a leak which gave the market an insight into the potential stimulus when they meet

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