It was a bloodbath for the EURUSD bull after the ECB conference. The euro plunged to the 1.1640 level against the U.S. dollar on the dovish ECB. The EURUSD moved sharply lower from slightly above 1.17 to near 1.1640 after the ECB president, Draghi, confirmed that the interest rates will…
Day: July 26, 2018
The EURUSD near 1.17 after the EU Avoided the Trade War with the U.S.
The EURUSD has been trading in a narrow range before the rate decision from the ECB on Thursday. The EURUSD moved higher from 1.17 yesterday after the EU agreed to the deals with the U.S. to avoid the trade wars. The uptick was again proved to be short lived. We…