💶 EUR/USD Higher On ECB Day

Volatile session for EUR crosses as the ECB decides for the first time since the strategy review. EUR/USD initially spiked higher on the release of the monetary policy statement, up around 20ps from Wednesday close. EUR strength was faded and tested session lows of 1.1770, as markets listened to ECB's press conference, losses were paired and the dollar saw its lowest levels this week vs the euro.

The Newsquawk desk noted notable expires on EUR/USD @ 1.1710 (1.1BLN), 1.1800-10 (1.3BLN), 1.1870 (270M), 1.1900 (600M)