The pair EUR/USD holds above 1.0850, for the moment, limiting the decline that followed the press conference of Mario Draghi.
In fact, after a first reaction is a bullish followed by a period of hesitation, EUR/USD has retreated to the area of 1.0850 at the end of the speech of Mario Draghi.
This last was the light of the encouraging words and optimistic on the euro zone economy, but has not made any announcement. In particular, he highlighted that there had been no discussions about a possible reduction of the stimulus money.
The consolidation continues so at this stage, then it will probably come out of the range 1.0825/1.0950 to have a more clear direction.
Tomorrow we will have quite a busy day in terms of economic publications, the volatility might therefore be at the rendezvous.
The EUR/USD pair to move to 1.0860 on the Forex.
Chart EUR/USD H1
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This chart has been realized with the trading platform TradingStation 2 provided by FXCM France.