EUR/USD is now recovering from the big plunge caused by Mario Draghi. The ECB did announce plans for bond buying, but this depends on some committee work and more importantly on official aid requests. It’s important to note that these are big steps forward in European terms, but expectations (created by Draghi himself) were so high, that the result was awful for the euro and for bond yields. There isn’t too much time to digest Draghi’s words, as another big event looms: Non-Farm Payrolls, to close this exciting week. Who said August was a slow month?
Here’s an update about technical lines, fundamental indicators and sentiment regarding EUR/USD.
Read the rest of the article [B][I][URL="http://www.forexcrunch.com/eurusd-aug-3-stages-recovery-from-draghis-disappointment-before-nfp/"]EUR/USD Stages Recovery from Draghi’s Disappointment, Before NFP[/URL][/I][/B]
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