This Chart show us the acceleration in devaluation of the EUR USD. Since May 2014 Euro
lost over 20 % in value compared to US dollar
. The ECB do everything that is possible to provide more liquidity and pump up the market. Same Thing did FED and BOJ in US and Japan and in the end its not worked.
Last week the ECB started their Assets Purchase Programm and the acceleration started, too.
This week is a FOMC week I assume that we see a bit of correction. Euro
can get to the 1.06-1.07 level. At the same level i see a Support/Resistance
line. Here I placed my short.