Guess what!? EUR/USD at new low after Draghi!

eur-usd 06.11.

ECB leaves key rates unchanged, main at 0,05%, depo at -0,2% and marginal at 0,3%, but then comes dovish Mr. Draghi at the press conference and brake euro down. He said, ECB unanimous in commitment to act again if needed. No shit!? 🙂

EUR/USD brake previous two year low at 1.2440/50 and stoped at 1.2395, in thoose moments try to recover and manage to catch 1.2430 for now. Could this previous support hold euro on the way back? Applause to Mr. Draghi for now, he did what he wanted without concrete actions today. What do you think traders?

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4 comments

  • Recovery hold at 1.2447. 🙂

    Liked by 1 person

  • Draghi is a crazy man?

    Like

    • Nope. he is clever. He uses the direct and indirect methods in order to weaken the euro. Whatever Draghi said means SELL, SELL, SELL! 🙂

      Like

  • With such a dovish Draghi, euro can’t catch a breath. Sell on every recovery atempt works for now.

    Liked by 2 people

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