EUR/USD is testing the year's low of 1.2358 this morning following on from Friday's ugly session for the single currency. Mario Draghi spoke in Frankfurt on Friday and gave a fairly stark view that full blown government bond purchases are now clearly something they are exploring. The ECB president detailed that should the existing set of measures not prove 'effective enough', or should 'further risks to the inflation outlook materialise' then will do more. In this article I look at the set-up in EUR/USD and EUR/AUD - (VIEW LINK)