EUR/USD had some time to recover as euro-zone QE was not announced by Draghi yesterday. However, the institution continues mulling the options and this weighs on the single currency. The absolutely excellent US jobs report helps the greenback. The result is a nice double bottom around 1.2280. Both instances have been a touch and go, with a significant bounce afterwards. However, the increased pressure means that this line could be pressured once again. Here is how it looks on the chart: Reports coming out of Germany (FAZ) say that the ECB is working on a QE program that would exceed 1 trillion euros. Obviously, there was no agreement. The news broke out just before the NFP and weren’t fully digested at the initial time of publication. The US reported a gain of 321K jobs, the best in over two years and far beyond expectations. Also wages are finally on the move and the “real unemployment rate” continues ticking down. This closely watched report already set a blow for the pair and it reached the lower bound seen at the first minute of the ECB press conference. The pair than bounced back and it is struggling with the round number of 1.23. Can it breach the double bottom or is the failure to go lower a sign of a bigger bounce? More: ECB Post-Mortem: We remain short EUR– BNPP In our latest podcast, we preview December’s big events, talk about the importance of jobless claims, the crash in oil prices and GOFO going negative: Download it directly here. 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 Forex News Today: Daily Trading News share Read Next Fresh wave of USD storm: breakouts in EUR, GBP, JPY, Yohay Elam 7 years EUR/USD had some time to recover as euro-zone QE was not announced by Draghi yesterday. However, the institution continues mulling the options and this weighs on the single currency. The absolutely excellent US jobs report helps the greenback. The result is a nice double bottom around 1.2280. Both instances have been a touch and go, with a significant bounce afterwards. However, the increased pressure means that this line could be pressured once again. Here is how it looks on the chart: Reports coming out of Germany (FAZ) say that the ECB is working on a QE program that would exceed… 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.