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Debriefing (June 6th)
BY: Oliver Schoeffel
Product Rights:
Personal Use Only

EUR/USD currency pair =>

YESTERDAY ANTICIPATION

[…] on a pure intra-day level we are buyer @ 1.540(0) with a quick target @ 1.550(0) or even above after ECB decision… for a possible 100 pips trade per contract!

The result has been a +150 pips move from 1.54(0) to 1.55(5) as can be seen on the plot below… The move has even been stronger and if pushing EURUSD above 1.56(0).

The trigger for this move has been strong as Trichet said that ECB rate hikes were openly discussed, that some members felt that it was already time to raise rates and indicated that a rate hike could come as early as the July meeting.

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