ECB’s inaction clearly disappointed a few people as European stock indices dropped when the policy statement was released.
In truth, no one should have been surprised by the ECB’s refusal to extend the date of the QE programme as the Eurozone economy did not really deteriorate since the last meeting on 21st July.
So I wouldn’t be surprised if we now see some bargain hunters tip their toes in again at these lower levels on the likes of the DAX and other EU indices
Content Curiosity Of Fawad Razaqzada | Technical Analyst | FOREX.com
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