ECB Draghi speaks and could lead to increased volatility.
The EURUSD has pushed to new session highs and in the processs has breached the 100 day MA at 1.12724. The ECB raised 2019 growth but lowered 2020 growth. They see 2019 inflation up a little at 1.3% in 2019 (from 1.2%) but still well below the 2.0% target. For 2020, they see lower inflation at 1.4% vs 1.5%.
The EURUSD has pushed higher and targets the high from yesterday at 1.13059. Also above is a trend line from highs in January and March. That topside trend line that cuts across at 1.13085 (see daily chart below). We are just a few pips off that trend line now.
UPDATE: Now Draghi says some official race possibility rate cuts and the price has backed off the trend line. Holding the trend line is now key resistance above - especially after holding (with stops above). .