16 Jan 2015
EUR/USD crumbles below 1.1500
FXStreet (Córdoba) - EUR/USD broke below the 1.15 mark and extended losses to its lowest level in more than a decade as the selloff intensified over the last hours.
The euro remains under broad pressure amid speculations the European Central Bank will announce a QE program next week, as expectations were fueled by SNB shocker. Having triggered stops below 1.1500, EUR/USD fell to its lowest level since Nov 11 2013 at 1.1459 before bouncing.
At time of writing, EUR/USD is struggling to regain the 1.1500 level, recording a 1.08% loss on the day. The shared currency is also on track to post 2.9% weekly decline, the fifth in a row.
The euro remains under broad pressure amid speculations the European Central Bank will announce a QE program next week, as expectations were fueled by SNB shocker. Having triggered stops below 1.1500, EUR/USD fell to its lowest level since Nov 11 2013 at 1.1459 before bouncing.
At time of writing, EUR/USD is struggling to regain the 1.1500 level, recording a 1.08% loss on the day. The shared currency is also on track to post 2.9% weekly decline, the fifth in a row.