EUR/USD traces outside day

The short version of the ECB decision was that they didn't discuss anything related to QE today and that the outlook didn't change much.

They did discuss the technical aspects of overcoming bond scarcity "if necessary" and that was enough for the market to draw the (perhaps dangerous) conclusion that QE will be extended beyond March.

The euro fell to 1.0935 from 1.1040. Stops were hit as the July low of 1.0952 gave way.

On the taper report from Bloomberg that roiled markets two weeks ago, he said it was "a random statement by someone who didn't have any information."

Technically, there isn't anything until the Brexit spike low of 1.0913, which is now just 22 pips from today's low.