EUR/USD skids to session low in broad USD bid

EUR/USD falls below 1.0950.

The US dollar is under broad pressure and now the euro is more than a cent below the European high of 1.1050 (which was also a one-week high). The latest move was a quick drop to 1.0938 from 1.0980.

There isn't much in the way of support until close to 1.0900.

Draghi is speaking but there's nothing in the headlines that's a reason to dump euros. I don't believe the option expiry is a large factor. There is about 519B euros at 1.0900 running off at the top of the hour.

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