We moved outside the 10 pip range of the last 3 hours
For 3 hours the EURUSD traded between 1.0998 and 1.1008. Well, we broke out of that range and are trading a the 1.1019-20 level. The 1.1023-29 level will continue to be a level to eye for this pair. Trade above it and the modest selling we have seen over the last day and a half, may turn to more aggressive buyers - just because (well the real "because" is the sellers failed to take the market price lower when they had the chance.
Draghi and ECB tomorrow at 7:45 AM ET/1145 GMT
The EURJPY is also pushing higher and helping and EURGBP is moving lower.
