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Euro Continues to Bleed; EUR/USD, EUR/JPY and EUR/GBP
During the 1/22 session session, the ECB announced details to the the much anticipated QE program and they did not disappoint and dragged down the euro. With a pace of $60 billion euros a month from March to at least September next year, Mario Draghi and his colleagues have laid out at least $1.1 trillion euros for sovereign bond purchases. The EUR/USD consolidated ahead of the event risk as we can see in the 4H chart. After the announcement, the market sold the euro sharply and the EUR/USD has now fallen to almost 1.10. A this point, if there is any pullback, be aware of resistance in the previous support area ... (full story)
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- Jan 23, 2015 9:32am Jan 23, 2015 9:32am
- Yossuan
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- PipsExpress
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the approximate present does not approximately determine the future
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- OnlineAddict
- Joined May 2014 | Status: From1toMillion | 3135 Comments
Everyone can see the chart, but only a few can actually read it.