Dislikedthen how much is lower 1%, 5%, 10%? it has to be enough to have a material impact otherwise his actions will not alter the outcomes. 10% from 1.40 gives 1.26..... but whatever the number it will be less than now, 1.36 does not make a difference, 1.34 maybe a start, 1.30 more likely, less than 1.30 very desirable..... So now ask yourself when and where would the big investors buy back in?Ignored
The truth is, Max, the Euro has been suffering a biased market sentiment. You get people shorting the Euro on uptrend / downtrend, whether the ECB introduces a program or not, short is the way to go , what ever happens they continue to short .. sometimes, it simply goes out of hand!
"It's the Margin, Stupid."