EURUSD Volatility Implodes Again after ECB decision

[VIPRO Markets]

EURUSD was exposed to huge levels of volatility following the ECB's decision to reduce its purchase schedule of €80 billion per month to €60 billion per month. EURUSD currently trades at 1.06342.

 

[forker]

The news in my opinion is dressed up as negative however we have tapering put in place post march. I am going to be looking at sliding into a long eu position with a tentative target being mid next year.

 

[VIPRO Markets]

EURUSD is still under selling pressure after ECB's decision to taper its monthly bond purchase program causing the pair to crash. EURUSD is currently trading at 1.05668.

 

[gerryg]

Well yes its quite possible to see Euro breaking 1.05 considering problems of the EU members and Yellen rhetorics on Wednesday. I would also try to play downside after the FED meeting.