Draghi's mistake and a lightbulb moment
Chart explains it all.
Note
Nearly there. Who's the daddy?Note
Ok here's an explanation. Draghi is not stupid... a dummy cannot be the head of the ECB.When Draghi "thought" the price of the Euro during the ECB conference was 1.18, when it was really 1.20, he was either consciously or sub-consciously communicating that 1.18 is where the ECB consider his much touted phrase "price stability". Line it up with a flip-a-dee-doo-dah zone and Bob's your auntie.
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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.