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No extra QE from the ECB - EURUSD breaks 1.0800

No monetary extra but their widening their options

Municiple/regional bonds now in play

Here's the deal;

We've met expectations for the deposit rate cut and now there's no extra QE, apart from moving the end date. Euro shorts beware

There's still the risk he drops some dovish bombs in the Q&AS. He's done so before, many times

EURUSD is up through 1.0800 to a high of 1.0817. 1.0830 is the next big resistance level

EURUSD H4 chart

Look for support to come in around 1.0650/700 but it's too early for real levels to develop yet

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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