Danial.Rosli
Long

Bullish Signal

FX:EURUSD   Euro/U.S. Dollar
398 1 13
Bullish Signal
Trade closed: stop reached
Euro spikes higher after ECB president Mario Draghi said that there was "no discussion" on extending the QE program beyond original deadline March 2017. Also, Draghi noted that there was no discussion on "tapering" neither. The committee will continue to work on the issues and, the decisions taken at the December meeting will "tell you what we're going to do in the coming months. ECB left monetary policies unchanged today widely expected. That is, refinancing rate was held at 0.00%, deposit rate at -0.4%. The asset purchase program was kept at EUR 80 a month running till the end of March 2017. Euro quickly drops back to familiar range after initial rise.
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