Charts don't look so hot and really this was a rear guard act of desperation by the ECB. Week after next its the FEDs turn and the final announcement of the end of QE. I wonder what the reaction of European markets will be to the leadup? How could they handle the prospect of the US increasing rates?
I know EZ charts could go north for a while but much of this "good news" has already been priced in. Hopefully though there'll be a small relief selloff over the next few days.
