Source: Forex Analysis
The ECB disappointed traders
The ECB said it would complete its program of injections into the markets in December 2018, but the ECB will not raise the rate until at least the summer of 2019.
This knocked down the euro against the dollar: it became clear that the Fed has a significant margin for raising rates, while the ECB will keep the rate at zero.
The Euro broke through the week’s highs, but sharply turned down, hit the key low of 1.1725 and reached 1.1680.
If the downward movement is true, the first target is 1.1565.
The material has been provided by InstaForex Company – www.instaforex.com