-
EUR/USD Short-Covering Stalls after the ECB Conference
Although price action was bearish heading into the 6/5 US session, it failed to clear below 1.24, and built more momentum toward short-covering. Over the 6/6 Asian-European session, we saw the USD lose across the board, but the EUR has not attacking as aggressively, most likely because the market was awaiting the European Central Bank’s (ECB) meeting and press conference at 7:45AM EDT and 8:30aM EDT respectively. The bank held the benchmark interest rate at 1.00%, dispelling rumors of a rate cut.After the press conference that began at 8:30AM EDT, the euro, as well ask risk in general was stalling. The ECB did not ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Jun 6, 2012 9:59am Jun 6, 2012 9:59am
- Tw0eleven
- | Joined Jan 2007 | Status: Feed The Piggy With Pips! | 1103 Comments
- Comment #2
- Quote
- Jun 6, 2012 10:01am Jun 6, 2012 10:01am
- fxtimes
- | Commercial Member | Joined Nov 2009 | 402 Comments
- Comment #3
- Quote
- Jun 6, 2012 10:02am Jun 6, 2012 10:02am
- braintec
- | Joined Apr 2012 | Status: Member | 141 Comments
I'll Sell when price is heading to Hell
- Comment #4
- Quote
- Jun 6, 2012 10:08am Jun 6, 2012 10:08am
- Dr.Zain
- Joined Sep 2008 | Status: Member | 1472 Comments
- Comment #5
- Quote
- Jun 6, 2012 10:12am Jun 6, 2012 10:12am
- cats_pips
- | Joined May 2012 | Status: Member | 18 Comments
- Comment #6
- Quote
- Jun 6, 2012 12:05pm Jun 6, 2012 12:05pm
- fxtimes
- | Commercial Member | Joined Nov 2009 | 402 Comments
- Comment #7
- Quote
- Jun 6, 2012 12:32pm Jun 6, 2012 12:32pm
- Jayakatwang
- | Commercial Member | Joined May 2012 | 92 Comments
- Comment #8
- Quote
- Jun 6, 2012 1:07pm Jun 6, 2012 1:07pm
- Guest
- | IP XXX.XXX.221.124
- Comment #9
- Quote
- Jun 6, 2012 6:45pm Jun 6, 2012 6:45pm
- theforexpert
- | Joined Jul 2008 | Status: Member | 36 Comments
From the tips to the dips, it's all about the pips
- Comment #10
- Quote
- Jun 6, 2012 8:49pm Jun 6, 2012 8:49pm
- Guest
- | IP XX.XXX.75.177
- Comment #11
- Quote
- Jun 6, 2012 9:09pm Jun 6, 2012 9:09pm
- jaygee
- | Membership Revoked | Joined Jul 2010 | 2713 Comments