EUR/USD Technical Analysis: The Euro against the US dollar erased one month of gains in the biggest daily loss of this year.

The Euro against the US dollar suffered its biggest daily loss in this year after the announcement of ECB's plans to reduce QE in September and to put an end in December. The Euro fell right through the Europen session from 1.18264 to the current price at 1.15772 support. We might see the Euro make an attempt to bounce at 1.15679 to stop the bleeding. Failure to hold at 1.15679 could see the Euro fall further to 1.15386

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