38 big pip trading range so far as Draghi awaited
The EURUSD is in a whooping 38 pips trading range as the Draghi press conference is awaited at 8:30 AM ET. The pair has kept the 100 hour MA above, but risk is high through his comments and Q&A. The market will be looking for any reference to additional QE and/or an extension. That would be the most bearish of scenarios. Without the reference, the market may look to give up on the downside. Of course US initial claims and Trade will also be released.