Samnzimande

Platini and Draghi's impact on the EURO

FX_IDC:EURTRY   Euro / Turkisk lira
Micheal Platini arrested on Tuesday in connection with a probe into awarding of the 2022 World Cup to Qatar and Mario Draghi's with his dovish comment of "additional stimulus is needed if the economic outlook doesn't improve" which caused the EURO to fall down to 0.3%, disrupting the Euro's outstanding performance in the pass few Months.

Few days ago an article was released about EURO being too strong for Turkey, buyers actually got burned including myself, but I don't think Platini and Draghi's recent disruption will cause the Euro to drop more that 1%. I personally think this is just a minor problem that will be sorted within days, with that being said, the technical analysis still stands and I'm patiently waiting for that opportunity to go long as stated on the previous idea.

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