Draghi's message fails to break 1.0630

Not that his nibs is targeting the currency...ever but his utterances this morning saw the euro dive but pull up at the current main support level at 1.0630.

EURUSD daily chart

We're still pretty much ensconced between the 100 and 55 dma's, and although we've been pushing through the 55 dma, we just can't maintain that push.

At the moment, easy as it sounds, trading the tops and bottoms in these ranges is offering good rewards, as long as you keep a tight leash the more times we try each level. Nothing lasts forever and at some point something will give.