Majority of ECB governing council said to support rate cut

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Bloomberg headline

That’s just chopped the leg’s off an already wobbling EUR/USD with a fresh day’s low of 1.2899 and pushing through Fibo retracement support at 1.2906. Bids are sitting down here ¬†with tech supp at 1.2880/90 (Nov 28 low and 1.2886- 21day MA), but sell stops likely just below through 1.2975.


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Pete Jackson


  1. I wonder if that`s a Bloomberg out of context headline ;)

  2. hi, Pete, so are u still keeping 1.3030 view

  3. Yep, always optimistic me … can’t be right all the time though ;)

  4. well dont think so but market is so focused on negatives especially after the BUBA forecasts and Italian uncertainty

  5. Pete! I am with u and wishing a great U turn after 20 minutes


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