EUR/USD: Draghi can’t do much

Posted by on Mar 7, 2013

The EUR/USD bearish trend starting on February has prevailed so far, and the pair has lost over 700 pips in a month, having been as low as 1.2965. Now, with the ECB in a couple of hours, market is quite nervous trying to anticipate what will be next move: overall a negative sentiment seems to dominate investors when it comes to Europe, and the general idea is that the Central Bank will acknowledge the doom economic situation and act in consequence. Market has priced in already a dovish Draghi,
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