ECB is said to see option to end QE with short taper in 2018

If anyone wonders, this is how market control works in practice. EURUSD just touched the low of the range and has rebounded immediately. What a precison!

https://en.m.wikipedia.org/wiki/Control_of_chaos

Yea, for like 5 minutes.... then a lower low...

It should stop for a while anyway its the low of the range as you pointed out and maybe somebody tried to help it stop but it did not work.

are you saying the market is being controlled and it won't go lower?

Right

If you throw enough money at it, you can "control" it, but its also how its supposed to work....

The idea is to make small perturbation and have big effect.

Only Trump and Kim can prevent the EUR/USD from going down now.

Well, things are like this:

Markets expected an end of BCE QE program, and the announcement it will continue in 2018 was dissapointing... for some.
What should be pointed is that Draghi halved QE... it means Eurozone economy improved enough to take this measure... it should lead to a gradual appreciation of the EUR.

What knocked EUR/USD harder today was the announcement that Yellen is out of FED chief contest... this announcement led to an appreciation of the USD.

However if the next chair of FED will be appointed by Trump (which is 1000% sure), it will follow his policy of a weaker dollar to boost the american exports. Trump is a businessman and will put american industry interest first.

Because of these two fundamental reasons, I believe we will see a rebound of the pair in the near future.

Wait for the market to change its sentiment and go with the flow.

2018 = EU down

yea 2018 italy is out of EU as grillo is gonna win... so EUR tank!