Near-term bias is for run down towards 1.350 (below 1.363), but may stall prior to this as I consider this an important low; COTS positioning suggest potential for a bullish retracement on W1 over the coming weeks; Despite recent warning form IMF to Central banks about the dangers of ultralow interest rates, ECB keep rates at historical low levels and Draghi keeps the door open to future stimulus. During the press conference Draghi stated the rates will stay at current levels for "an extended period", which the consensus believes to be near the end of 2015 to start of 2016. EURUSD hardly moved at the rate ... (full story)