It has been a somewhat disappointing European session so far with no follow though either end of 1.20. Traders say option maturitiesat 1.20 and 1.21 have played a role but whatever the case Europe is seemingly uninterested ahead of the ECB (due out in 10 minutes). As mentioned earlier today, the ECB has a bad habit of “underwhelming” the market with their decision making. Not long to go now – lets see how it pans out.