ECB meeting (Oct 26): Draghi came out rather dovish citing that despite the ending of QE, interest rates will remain lower for longer. Additionally, net Euro longs by non-commercials (hedge funds) in CFTC is at 5 year highs. Change in sentiment should act as tailwind to technical Head and Shoulders (bearish) pattern
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.