IT was only a few hours ago when EUR/USD fell below 1.13 and yet another big figure is broken. The low so far is 1.1165 in a very rapid movement below that round number. Since yesterday, the pair is down over 500 pips, and it’s the most major pair in the world. We explained 5 reasons why the program is big and why EURUSD has more room to fall. But within less than 24 hours? Contrary to the move by the SNB, this fall in EUR/USD is quite gradual: there were lots of opportunities to jump on the band wagon. Is it still possible to jump on this trade and short the euro? If we look at it the other way around: USD/EUR is getting close to 0.90. There is some support at 1.1110, which is just around 0.90 on dollar/euro and more importantly, it served as support in July 2003 and as resistance in March 2003. Yes, 2003, over 11 years ago, not 2013. Here is the monthly chart. There’s more below: The impact of Draghi’s massive QE program continues to hit. The European Central Bank announced a program that could surpass one trillion euros over the course of a year and a half. The announcement of the ECB also triggered dollar strength across the board. But while the euro is not weakening on its own against the dollar, it is the biggest loser, undoubtedly. The euro is also losing ground against its European peers: EUR/CHF is under 0.98 and EUR/GBP is reaching towards 0.7450. Here is the boldest forecast so far: EUR/USD En-Route To 0.96 in 2015 after ECB Delivers – TD The euro is not waiting for the next big central bank to act: the Federal Reserve meets on January 27th and January 28th. What will they announce on Wednesday? Some think the Fed could even accelerate the move down in EUR/USD. And here is the chart: 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 Canadian data beats – USD/CAD falls Yohay Elam 7 years IT was only a few hours ago when EUR/USD fell below 1.13 and yet another big figure is broken. The low so far is 1.1165 in a very rapid movement below that round number. Since yesterday, the pair is down over 500 pips, and it's the most major pair in the world. We explained 5 reasons why the program is big and why EURUSD has more room to fall. But within less than 24 hours? Contrary to the move by the SNB, this fall in EUR/USD is quite gradual: there were lots of opportunities to jump on the band wagon.… Top 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.