The ECB decision and press conference are on their way shortly 8 June
The rumours/reports yesterday were of the ECB today lowering inflation forecasts while raising GDP forecasts but it was the former that made the most initial impact and sent EURUSD tumbling down to 1.1203 before staging a decent rally helped by large option expiry support.
Today we have more expiries, albeit less than yesterday, at 1.1200 again and should we get some dovish reaction to the ECB/Draghi comments we should keep an eye on the price action into and around 1.1200
