There is no mercy for EUR/USD. After the one-two punch from the ECB, the pair dipped below 1.30 but bounced. Only temporarily. Yet after the dust from the US ISM release settled, the pair continued lower. After hesitating at the first support line, this is gone as well and the pair now at a multi-year uptrend support line. The ECB cut interest rates and announced an ABS (or QE) program coming in October. Draghi more than delivered on his expectations and certainly did "whatever it takes". In the US, the ISM Non-Manufacturing PMI reached the highest in 9 years. The good outcome, but more importantly, the lack of ... (full story)