Forex technical analysis: EURUSD retracing fall from FOMC. Draghi speaks.
Stalls ahead of the 38.2% of the move lower
The EURUSD is now higher on the day (closed at 1.1890) but below the 38.2% retracement of the move down from yesterday’s high (at 1.1926). ECB Dragh is scheduled to speak in Frankfurt at the bottom of the hour. His comments may impact the pair.