EUR/USD falls to session low
The euro reversed and earlier gain and hit a two-day low as ECB President Mario Draghi delivered his opening statement.
In general, he was downbeat, especially on inflation. He said he sees no convincing upward trend in underlying inflation and that the ECB hasn't discussed removing accommodation.
The euro sank to 1.0606 after touching a session high of 1.0677 shortly before his press conference got underway.
Expect more twists and turns as he answers questions but one level to watch is this week's low of 1.0580.
