EUR/USD ranged from 1.1081 to 1.1210 today
The euro tried twice more to push to fresh highs in the hours after the ECB decision but faltered above 1.1200. It sank down to 1.1081 in what looked like it could be a larger retracement but fresh bids appeared in US trading.
We did a Twitter poll not long after the ECB to get a gauge of sentiment and a small majority voted for a continuation in gains.
When I look at the fundamentals, I struggle to see the case to continue buying the euro. The ECB cut rates and is rolling out more QE, including corporate bonds. Even the comment that sent the euro higher (Draghi saying they won't cut more) included a qualifier that the may do more if the economy falters, either via rates or other extraordinary measures.
Meanwhile, the Fed is going to look at a stock market that's largely recovered and good economic data and there's a growing likelihood Yellen could be hawkish enough to make the market think a hike is coming in June.