Forex news for North American trading on October 20, 2016
ECB Draghi sure sent the EURUSD on a wild ride. First there was a headline that they did not talk about extending QE. Fast break higher to a high of 1.1038. Then he said that a sudden stop in QE isn’t in anybody’s mind. Fast break to the downside. The low extended to just above the July 2016 low at 1.0910 (low reached 1.0915). A break of that level and the pair will be trading at the lowest level since March 2016.