"Structural reforms" comments are the market focus...
The EURUSD initial move was higher after Draghi's early comments. The pair technically has moved back into the > 1.1023-28 level that I have been harping on over the last few days. The price is also moved above the 100 hour MA at the 1.10416 level. That MA held resistance in early London trading today. The price is currently trading above and below that MA in choppy trading conditions.
Comments from Draghi can go on and on and you never know what may tickle the markets fancy. So event and liquidity risk are high. If there is key levels to eye, the 1.1023 remains dear to me on the downside. The 200 hour MA at the 1.1063 (green line in the chart above) is a level on the topside. The price has not closed above the 200 hour MA on the hourly chart this week. So look for sellers - on the wide - against that area should there be a a continued squeeze higher.