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 Euro near key resistance as Draghi turned more optimistic

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fxpulsation




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PostSubject: Euro near key resistance as Draghi turned more optimistic   Euro near key resistance as Draghi turned more optimistic Icon_minitimeFri Jan 11, 2013 11:03 am

Euro near key resistance as Draghi turned more optimistic


On Thursday, the euro had a strong run. The rally started after a strong Spanish bond auction. The move accelerated as ECB's Draghi indicated that there had been no discussion on a rate cut and as the tone of his appearance was much more positive than in December. EUR/USD and EUR/.GBP are within striking distance of the December highs.

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