EURUSD (1.1195): The EURUSD currency pair posted strong declines on Thursday after the ECB’s meeting. Following the dovish comments from Draghi, the euro broke the support level of 1.1256 and extended declines down to 1.1200 level briefly. Price action at the moment looks bearish. If there is a bearish follow through from here on, we could expect the common currency to continue extending the declines even further below with the next support seen at 1.1150.
