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Looking for reasons on a lower EUR? - FXStreet

FXStreet (Guatemala) - Valeria Bednarik explained the EUR/USD took a dive down to 1.2694 on Thursday, on the back of a fully armed Draghi.

Key Quotes:

“A fully armed Dragh that promised more facilities if needed for the EZ, in a speech in Lithuania”.

“The pair has spent the rest of the day consolidating around current levels, unable so far to pick up despite the strong slide in US indexes: all traded in deep red this Thursday, with the DJIA down near 240 points and S&P losing more than 1.40%”.

“There seems to be no clear reason beyond the slide, and indeed, safe havens are far from rallying in panic at the time being; investors may have finally found a top? If S&P extends below 1900 on Friday that may be the case, as the break below the critical figure will only fuel the selloff”.

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