Ahead of tomorrow’s ECB meeting, where markets expect QE to be announced, Michael Hewson asks whether the euro is seeing trend exhaustion and could see a significant bounce if Draghi disappoints.
  • The gold market is testing $1,300 as a loss of confidence in central banks and a potential triangle breakout targets $1,330
  • EUR/GBP seems to have found a base and may squeeze higher towards trendline resistance if it remains above its lows
  • EUR/JPY is looking to confirm a ‘Three White Soldiers’ candlestick pattern, with significant support at ¥135, which could point to a sharp short squeeze
  Video content by Michael Hewson of CMC Markets.