Just under 30 minutes until the ECB announcement and the Euro is playing it safe
Give or take a few cents, EURUSD is right in the middle of the current 1.0950/1.0850 range.
EURUSD 15m chart
If there's nothing too shocking from Draghi either way (hawkish/Dovish) then this range is likely to hold, though just before Draghi starts we get US durable goods, jobless claims and wholesale inventories.
Further out, above 1.0955 we've got some pretty clear sky up to 1.10.
EURUSD H4 chart
Under 1.0850 things look a bit more solid with the 1.0810/20 area as the main support.
even if Draghi tries to dampen any hawkish expectations, I can't see him doing too much damage to the euro. As usual (and as Mike's just noted), look for the usual flipping around when the announcement headers are released, and then we'll tread water until the presser.
