FX:EURUSD Euro Fx/U.S. Dollar
QE seriously launched in the Euro zone, followed by swing to the anti-austerity left wing in the Greek elections: factors that would signify continuation of the downward plunge of the Euro . The bounce-back of the last two days is not about the Euro . It's about the ending of the US Dollar rally against the of the rest of the world. We can anticipate that the EUR/USD will continue upwards for a little while, but then revert into a decline against the rest of the world.