Initial reactions: The EUR/USD’s initial reaction to the ECB statement and the subsequent Draghi press conference was a retest of last week’s 1.2750 low. However, even before the press conference was over, there was support at 1.2750 (with a minor spike down to 1.2744)  bringing the EUR/USD back up above this week’s high and the 1.29 handle. Double bottom: The bullish reaction during the 4/4 US session is the strongest  so far during the Feb-March decline from 1.3710 to 1.2744. It also formed a double bottom as seen in the 4H chart. Price broke out of the bottom and also extended above a projected falling ... (full story)