ECB impact
​Despite an extremely volatile day, technical damage was very limited on a short and medium term horizon. We had written before the ECB that there were many conflicting elements on charts. Yesterday's moves were part of that confusion. Most assets have been sweeping their ranges from top to bottom, but there are no new signals. We ended the day with indices below resistances but above supports, Bonds in short-term corrections that may extend a little more, and the Euro-Dollar in a range.
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