The EURUSD was looking a bit bullish ahead

S&P 500 (Mar 13) INTRADAY Review The strategy yesterday was stopped out as the S&P got dragged lower by the 200 pip sell off in the EURUSD following Mario Draghi’s comments at the ECB press conference. His rhetoric was far from transparent but his one sentence ‘We want to see if this (Euro) appreciation is sustained and if it alters our assessment of price stability’. Whilst this is not directly negative in economic terms it raises the ‘currency war’ factor and given the positive

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