Another round level lost: the pair was under pressure and slipped below the round number. Will this break be confirmed? The low so far is 1.1790. The pair was launched in 1999 with a level of 1.17. Speculation about QE has moved from the question of “if” to “how much” with estimations concentrating around 500 billion euros – a substantial program. However, it is unclear if the ECB knows exactly what it plans to do. Yesterday, the initial figures for inflation in December showed that the euro-zone officially slipped into deflation: with a drop of 0.2% in prices. However, core inflation ticked up to 0.8% y/y. In the US, the FOMC meeting minutes confirmed the stance of the Fed towards raising the rates during 2015, but not before April. June seems to be the preferred timing. Update: EUR/USD ticks back up above 1.18. The struggle continues. Update 2: the break is now confirmed with a further move to 1.1770. In addition to the regular monetary policy divergence, the terror attack in Paris is still grabbing the headlines and is also weighing on the common currency. A policewoman has died in a shooting in the southwest of Paris. This follows the deadly attack on the headquarters of the Charlie Hebdo yesterday, which left 12 dead. More data: euro-zone PPI dropped below expectations while euro-zone retail sales rose more than predicted. More: EUR/USD: A QE program worth over €500 billion could trigger big sell off – BTMU Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam EUR/USD DailyForex News Today: Daily Trading News share Read Next US jobless claims at 294K – within expectations Yohay Elam 8 years Another round level lost: the pair was under pressure and slipped below the round number. Will this break be confirmed? The low so far is 1.1790. The pair was launched in 1999 with a level of 1.17. Speculation about QE has moved from the question of "if" to "how much" with estimations concentrating around 500 billion euros - a substantial program. However, it is unclear if the ECB knows exactly what it plans to do. Yesterday, the initial figures for inflation in December showed that the euro-zone officially slipped into deflation: with a drop of 0.2% in prices. However, core… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.