Investors and traders entered the "lying" situation when ready to cue Draghi sniping increased bond purchases by the European Central Bank. On the other hand, the German zew economic reported significant reduction (-6.8). Euro zone zew Economist also showed a similar decrease in trend-14.7. All of these economic indicators was sloping down somewhat distanced from expectation.
Noteworthy, the German zew economic drop in July "bad Apple" first performance since October 2014. Quite shocking considering upgrading 19.2 points in the previous month (June).
Technical analysis
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