A 25bps cut by the ECB is likely to have been fully priced in. The current high expectation of another ECB rate cut in December faces an increased repricing risk. Watch the 1.0780/0750 key medium-term support on the EUR/USD. In the past four weeks, the EUR/USD has plummeted by 3.3% from its 25 September high of […]
The post EUR/USD Technical: Overstretched Decline Heading into ECB Meeting appeared first on Action Forex.
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Today, the ECB cut rates for the third time this year, bringing the deposit rate to 3.25% in line with expectations. The weakness in the incoming economic data since the last GC meeting was acknowledged Read more…