In Case You Missed It…January 22, 2015
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.