Dovish ECB, Reversal in EUR/USD: The ECB held the key interest rate at 0.25%, and the statement did not mention any increased intention to add stimulus measures. The EUR/USD was bullish all week, first breaking above the 1.3905 resistance. Then after a brief consolidation just above 1.3905, traders pushed EUR/USD higher even ahead of the ECB event risk. EUR/USD came up to 1.3993 before retreating. Draghi noted that the bank is still ready to act under the current conditions. The press conference didn't provide anything surprising - any central bank should always be ready to act. Still, the bank remains dovish and ... (full story)