The euro made two big moves after the ECB. First was a sharp drop down to almost the lows of the month at 1.0926, and then an equally rapid growth reaching a new high of the month at 1.1086.
This probably indicates strong support for the euro at current levels.
The ECB lowered the rate to minus 0.5% and introduced a new liquidity injection program of 20 billion euros per month. Nevertheless, it is much less than the previous such program that reached 60 billion euros per month.
EURUSD: We keep purchases from 1.1060 with a possible reduction.
