ECB delivered nL1N2L90DW, EZ yields fell, but EUR closed +0.5%, USD led

ECB members agree on bond purchase target, not yield level aim nF9N2IJ04R

No real surprises from the ECB - major central banks have similar views

Techs; 10 & 21 daily moving averages slide, 21 day Bollinger bands fall

Setup remains bearish, but 1.1991 resistance, 38.2% Feb-Mar fall is in sight

Close above 1.2000 would be a bullish signal for the first move next week

NY 1.1928 low and 1.1991 38.2% Feb-Mar fall are initial support, resistance

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