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The size of the move was  apparently not expected by the markets: EUR/USD is below 1.16 but still not at new multi-year lows.

60 billion per month up to September 2016.

EUR/USD low point 1.1509 so far.

However,  the move could reverse, as often seen in similar moves.

Analysis:  5 points on why Draghi more than delivered and EUR/USD has lots more room to fall

Here it is:  live blog of the  Mario Draghi’s expected QE announcement  – January 22 2015

EURUSD down on Draghi plan of over 1 trillion euros January 22 2015 euro dollar chart