Dears,

As ECB Interest rate decision and Draghi comments was most important event of the day, lets see what this all do with EuRUSD.
The pair rise started before ECB & Draghi , and continued all time , while not so so volitally, but still rising EUR USD to 1.1390 level, whish seems was limit. And all despite the fact that rate was not changed, Draghi coments that rates will remain low or lower, inflation expected be negative, uncertainty to growth of economy ,geopolitics, unceratinty of emerging markets....... only positive note was Euro zone expect recovery continuation. Why all those factors pushing the EURUSD up? In fact I rather expect decline and most probally it will take place after ECB & Draghi emotions calms down . But thats mine opinion. But one rule is clear, Central Banks do not rule market, but market deciseds direction .

Have a good trades!
Translate to English Show original