EURUSD Above 1.2500 Post Draghi

EURUSD started gaining pace following what was to be expected of Draghi – maintaining interest rates at the current level while continuing the net asset purchases at the new pace of Euro 30 billion monthly.

Following an impetuous open at 1.24925, EURUSD continued its surge after Draghi’s speech, going above 1.2500. Hovering above 1.25213 as of writing, will the pair break above this level?

if you missed the ECB press conference, click below to watch in your own time and make an informed ‘buy’ or ‘sell’ decision.