Concerns arise that Europe may slip into recession again as the U.S contemplates winding up its monetary easing policies. Pressure is mounting for the European Central Bank stimulus, such as government-bond purchases, as the 18-nation euro area struggles to rebound from a sovereign debt crisis and subsequent austerity measures. Board members announce that the ECB should begin purchasing assets in the new program to support the economy in time to come. 1.274-1.27 remain critical price supports if the Euro is to rebound further.
|Slight Bearish||1.26||1.2656||1.2700||1.2825||1.289||1.3000||Break of 1.2700||1.276||1.26|