Looks like E/U is trapped between 1.10 and 1.1050 with minor breakouts during some news, but all are waiting for the FED move this week which will be a break to the upside if they don't touch rates in 2015. Draghi's dovish statement at this specific time is most likely a prior action to create some pressure on the EUR to not move above 1.15 after FED release, which would be very bad for ECB policy if 1.20 is suddenly in play again.
ECB last week and december movement is probably fully priced in the market already.
Imo it all depends on the way yellen talks this wednesday.
ECB last week and december movement is probably fully priced in the market already.
Imo it all depends on the way yellen talks this wednesday.