FX_IDC:EURUSD   EURO / US DOLLAR
Fundamentals: - As expected the additional QE             fell short of what the market would have liked to have seen and caused a substantial rally after the initial announcement. We think this rally is unjustified under the current monetary policy divergence between the Euro             and the USD and still expect to see parity by the end of 2016. We will be looking for a return to the downside next week.
Technical’s: A very volatile price action on the euro             at the end of the week, as we rejected the daily lows and the 2 significant support levels at 11100 and 11000, price also formed a higher low on the weekly signalling further upside however the weekly 50 ema has not been rejected or cleared as we once again look for the euro             to make reject higher prices or make a lower high in which case we’ll be able to sell further.
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