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EUR/USD sets new trend lows on 'complexities'

Source: Thomson Reuters EUR/USD quickly erased initial Draghi gains & set new long-term trend low Pair now eyes 1.1000 eyed, barrier protection likely for 1.1000, good stops noted below Barrier protection near round numb…

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EUR/USD sets new trend lows on 'complexities'
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Source: Thomson Reuters


  • EUR/USD quickly erased initial Draghi gains & set new long-term trend low

  • Pair now eyes  1.1000 eyed, barrier protection likely for 1.1000, good stops noted below

  • Barrier protection near round numbers only support until Sep '03 low

  • Draghi tip to 'complexities' possible in bond buys seems to drive EUR lower

  • Spreads still edging tighter for now but market ignoring yields

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