Technical Outlook: Near term bullish, medium term neutral. As suspected we indeed got our “sell the rumor buy the news” bounce after the ECB fully met but did not exceed expectations. Odds favor some follow through higher to test likely resistance levels this week. The big technical question: With bearish uncertainty about ECB easing gone, will the pair resume its usual tracking of risk appetite as portrayed by the S&P 500 and other leading Western indexes? Fundamental Outlook: Summary of ramifications of the ECB’s package, what it meant and what it didn’t, and whether this and other fundamentals support a bounce ... (full story)