Old Teflon is back!
There's still more to come but the bounce on the news that rates might be at the bottom, is showing us that the downside might be limited now.
If we test and hold the low again I'm jumping in. I might even jump in if we stay below the ECB announcement high during the presser
EURUSD 15m chart
The picture is similar across cable and the swissy pairs
This is a hell of a lot of extra easing and the fact it was only worth 160 odd pips is very telling
