Majority of ECB governing council said to support rate cut

Author: Pete Jackson | Category: News

Author: Pete Jackson

Bloomberg headline

That’s just chopped the leg’s off an already wobbling EUR/USD with a fresh day’s low of 1.2899 and pushing through Fibo retracement support at 1.2906. Bids are sitting down here  with tech supp at 1.2880/90 (Nov 28 low and 1.2886- 21day MA), but sell stops likely just below through 1.2975.