FYI: Take a look at the chart to the right because you don’t see reversals like this very often. After trading down as much as 1.62% on an intraday basis following the release of the ECB statement at 7:45 eastern time, the Euro bottomed relative to the dollar shortly after Mario Draghi began speaking at 8:30. Since then, it has rallied more than 3%. In the history of the currency, there hasn’t been a single day where the Euro was down 1% intraday and rallied back more than 3% off that level.
Regards,
Ted
https://www.bespokepremium.com/chart-of-the-day/chart-of-the-day-historic-reversal-in-the-euro/
