HomeContributorsTechnical AnalysisEuro Slips As ECB Fails To Deliver – Is The Uptrend Over?

Euro Slips As ECB Fails To Deliver – Is The Uptrend Over?

The euro fell as much as 1.78% intraday on Thursday. This follows the ECB meeting where interest rates were left unchanged. However, the ECB did announce stimulus measures.

Investors were clearly disappointed pushing the euro to retrace nearly half its gains from earlier. Price is currently testing the major trend line. We expect a modest rebound which may keep prices limited to the 1.1200 handle for the moment.

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