Few levels to consider if the ECB embarks on QE

Euro Fx/U.S. DollarFXCM

Description

⋅ Aug 27, 2014 2:06 PM

Long term up trend comes into question around 1.27. The .618 fib of the entire EUR range is at 1.3058 which should hold on its first attempt, but if full blown QE is on the table, this could turn ugly very quickly.