There has been a dark cloud overshadowing the EURUSD
for such a long time, that the ECB introducing QE will just further widen the divergence of both economic sentiment and monetary policy between the Federal Reserve and ECB.
Last week's movement in the EURUSD
was particularly eye catching; after Draghi made his boldest commitment to the EU the week before, markets were in a frenzy of anticipation, expecting some detailed plans to save the Euro, when Draghi took centre stage to deliver his press conference on Thursday.
In regards to what happens next for the EURUSD
, it would not be a surprise if the pair continues to attempt progressing towards the upside.
fell as low as 1.3369 on the news, its lowest valuation since the 13th November 2013.