EURUSD / 05/01/2015 10:47:56 Declined HarshlyThe Euro fell to the weakest in almost nine years against dollar amid speculation the ECB is moving closer to large-scale bond purchases. The Euro also weakened as Greece began an election campaign that may see victory by an anti-austerity party. The pair has seen the 1,903 level in the Asian session.
Today Germany CPI data and San Francisco Fed president Williams speech will be followed by the markets.
Technically downward trend continues on the pair. In case of the pair staying below the 1,1950 resistance level, then the 1,19 and the 1,1875 level would be aimed. However in case of the pair rising above the 1,1950 level, then the 1,20 and the 1,2050 level can be targeted.