Friday, January 23, 2015

EUR/USD Drops 300 Pips As ECB Launches QE

EUR/USD pair plummeted on Thursday, as the ECB unveiled a plan to buy 60 billion of securities monthly until September 2016, including government bonds. The cross dropped around 300 pips, from 1.1610 down to 1.1340 on Friday's morning. As a result, it has crossed two major support areas at 1.1460



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