First appeared on eFXplus on Jan 24 - 01:35 PM
- Draghi & German economy ministry help EUR/USD plumb a new low below 1.1300
- Draghi says risks moved to downside & data likely to be weaker than expected
- Handelsballt reports German econ ministry lowers 2019 GDP to 1.0% from 1.8%
- After some short covering during Draghi's press bears emerge near 1.1380
- US$ goes bid across the board while bund yields dive, EUR/USD nears 1.1290
- Techs are bearish, RSIs fall, inverted monthly hammer forms & 55-DMA caps
- Markets ponder next ECB move after dovish Draghi nL1N1ZO0X4 nL1N1ZO0N9
chart: Click here
Source:
Thomson Reuters IFR Markets