European Central Bank has voted to restart its Q.E. programme and hit banks with deeper negative interest rates to make them lend. The initial response was pretty bearish, but it was something every investor was expecting.
Therefore, the EUR/USD pair reversed to trade at the same old zone of around 1.1060. For now, the violation of 1.1070 level can drive the bullish trend in EUR/USD until 1.1125 and 1.1150 area.