EURO will now trend higher once again because of European Central Bank buying government and private Debt.
This reminds me of when The Federal Reserve bought bonds in the USA to lower real rates on Mortgages and it worked even better than expected. I believe the European move will drop rates on bonds quickly now and in turn will make the EURO rally back into the 1.30's - $1.40's
Stocks which have dropped sharply because of the EURO decline, will now rally back up with the Euro rebound.
"The European Central bank will buy government and private debt to keep debt markets working and lower borrowing costs, a crisis measure dubbed the "nuclear option," while the U.S. Federal Reserve joined with other central banks in the effort, reactivating a currency swap program used during the earlier stages of the financial crisis to ship dollars overseas to be pumped into banking systems as short-term credit."
The overnight decision immediately jumpstarted markets worldwide. The euro immediately shot back to life and up to $1.30, recovering from Friday's 14-month low of $1.2523.