Daily Forex Strategy

//Daily Forex Strategy

EUR/USD – Wild swing but ended positive post ECB. Wild swing of close to 150 pips was seen for the pair post ECB where the European central bank reintroduced QE programme to combat economic weakness in Eurozone, only just after 9-months where it was ended. It plummeted and broke below the 1.1000 key short-term support as per highlighted in our previous report (click here for a recap) and retested the 03 Sep 2019 swing low of 1.0925. Thereafter, it staged a sudden reversal to the upside after ECB governor Draghi press conference where he stated the limitations of monetary policies and it is now the time for fiscal … (full story)

2019-09-13T11:16:08+00:00