The euro declines after M. Draghi's statement about the launch of the ECB's QE program

January 23, 2015

EURUSD

Sell on a level breakthrough of 1.1313 with 1.1213 target. Stop loss = 1.1363.

Reason for the trading strategy

Yesterday, the ECB announced the launch from March 2015 to September 2016 of the quantitative easing program in the euro zone, totaling 1.14 trillion the euro, which is 2 times higher than market expectations. As a result of a substantial softening of monetary policy in the euro zone, the euro collapsed.

EURUSD, H4

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