The dramatic euro drop in response to Draghi’s dovishness saw the single currency test the seven-month uptrend drawn from the year’s low set in March near $1.0460. The Great Graphic posted here from Bloomberg depicts this.
Draghi opens door for EUR/USD at 1.05 – Goldman Sachs via Forex Crunch
China Cuts Benchmark Interest Rate By 25bps which helps the Fed with their plans for hike in December. We may just get the holy grail of Central bank moves with the ECB easing and Federal Reserve raising rates in the same month. EUR/USD will be hit very hard.
Bye, Bye Euro – Trader Dan’s World
“In trading you have to be defensive and aggressive at the same time. If you are not aggressive, you are not going to make any money, and if you are not defensive, you are not going to keep it.” – Ray Dalio