DislikedHere's my view
Today there was an expectation of at least a hint towards the ECB cutting rates at some point in the near future and the market was extra short on this expectation. (Not that there aren't other reasons to be short mind you)
Anyway, Draghi disappointed by staying very quiet, and where he couldn't stay quiet, he was very vague. So as a result, we got a short covering rally. Earlier today I speculated that we would get a good bounce up towards 1.3185/1.3200 area which would be quickly faded. I guess I was too optimistic coz it didn't...Ignored
Bulls Run. Bears Bite. We Profit.