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Euro / U.S. Dollar

ECB cut rates and introduce more QE - Dxy long EurUsd short

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As expected the ECB have introduced more stimulus to the Euro Zone by cutting rates by 10 basis points to -0.5% and have announced more bond buying. As a result Dxy should move long and EURUSD will move short for now. Next week we have the FED rate decision so keep that in mind if you decide to follow the Dollar long. Rate cut possible and short movement for Dxy on the cards

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Steve Nixon
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Beyond Technical AnalysisTrend AnalysisWave Analysis
SteveNixon
Twitter: twitter.com/logicfxtrading

Facebook: facebook.com/logicfxtrading

Telegram: t.me/logicfxfreetrades

Flipboard Magazine: tinyurl.com/yazs9szc
Also on:

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.