Forex: EUR/USD in fresh 2013 lows on Draghi

FXstreet.com (Barcelona) - The bloc currency dipped to the area of 1.2760 on President Draghi’s dovish statement. He stated that inflation expectations remained anchored and monetary policy would remain accommodative as long as needed. In the same line, the euro zone recovery for the second half of the year now faces downside risks. He also stressed that the Council did not discusses a rate cut.

At the moment, the cross is losing 0.65% at 1.2765 and a breakdown of 1.2751 (low Mar.27) would open the door 1.2730 (low Nov.19) and finally 1.2680 (61.85 of 1.2042-13711).
On the flip side, resistance levels line up at 1.2878 (high Apr.2) followed by 1.2890 (MA200d) and then 1.2920 (MA21d).