Of course, we can not say with any degree of certainty whether or not the EUR will fall back to lows registered fifteen years ago. This decisive move below long-term support does raise the question, however.
Thursday, January 22, 2015
In Case You Missed It...
The EUR is trading at levels not seen in over a decade, in the wake of the ECB's big QE announcement today. And, while a weakened currency might not be a surprise to most, the complete lack of support on a technical basis is certainly... interesting:
Of course, we can not say with any degree of certainty whether or not the EUR will fall back to lows registered fifteen years ago. This decisive move below long-term support does raise the question, however.
Of course, we can not say with any degree of certainty whether or not the EUR will fall back to lows registered fifteen years ago. This decisive move below long-term support does raise the question, however.