Should we expect a reduction in the interest rate from the European Central Bank

ECB will do whatever it takes to ensure good functioning of financial markets.
At this point, they are overstepping a little with the use of ‘whatever it takes’ but to their credit, the bond market is more settled after their bazooka launch last week – for now at least.
If ECB cut interest rate we can expect EUR pairs to continue in bearish move.

 Trader Georgi Bozhidarov

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