The euro fell sharply during the 9/30 European session. Ahead of the ECB meeting this Thursday, traders are apparently pricing in a dovish decision. We know the ECB has QE on the table, but the market is trading like it is going to be implemented, which would not be surprising given the low growth and inflation data in 2014. Let’s take a look at the EUR/USD, EUR/JPY, and EUR/GBP long-term charts. From the weekly chart, we can see that EUR/USD has been bearish since 1.3993 high from May this year. The decline has been sharp and has blown by certain support pivots, like the 2013-low at 1.2745 and the Nov. 2012 low at ... (full story)