Draghi: "ECB is Ready to do Whatever it Takes to Preserve the Euro." -Reuters

Mario Draghi, president of the European Central Bank, just squeezed some euro shorts after that statement. EUR/USD is up 1.20% at 1.22745. That was quick. Read more at Reuters (Draghi sends strong signal that ECB will act). It just pierced through ceiling resistance and sold off bit (now up 1.08%). See what kind of base it builds off this pop. It is still in a downtrend. So, when does the ECB start printing euros?


intraday- source: freestockcharts.com
longer term (pierced through ceiling resistance)

Related Posts

Comments

HTML Comment Box is loading comments...