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EURUSD Continues Higher After Draghi Comments

By GKFX Team  |  28/06/2017 13:04

After a number of weeks of sideways range trading, the EURUSD has broken from its previous range following signals from ECB President Mario Draghi suggesting that he may begin to taper asset purchasing. The news undoubtedly came as a surprise to the market, but some rumours are circulating that the comments have been taken out of context. 

Either way, the move was a significant one and has managed to break through some key levels on the upside, as well as confirm some on the downside. Our Chief Market Analyst, James Hughes, explains more.

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