Dovish Draghi makes his mark

EURUSD slammed down to 1.1154 after he warns about the risks to the economy and opens the door for increasing the QE purchase bracket

A fairly big level here around 1.1155/60 and another at 1.1125/30

EURUSD daily chart

I noted the daily fibs yesterday as a point that would be worth watching to fade him if he doesn't go to over the top. I'm not inclined to try it just yet while he's still going. The bulk of the important guff from the statement is done so the questions is where he'll elaborate

We've traded down to 1.1124 now