The euro plunged over 200 pips after the ECB announcement turned out to be even more dovish than expected. It lost ground against all the other majors, as can be seen from the Dukascopy forex Movers and Shakers table below.
The euro was sold off so strongly that EUR/JPY discontinued its two-month long correlation with USD/JPY and instead mirrored EUR/USD, as can be seen from the two charts below.
For the EUR/USD will this be a case of “sell the rumor buy the news” or will the bear trend continu…
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