EUR/USD hit at high of 1.1279

The euro is 30 pips from the highs of the day as a band of tough offers extending up to the big figure held.

Mario Draghi was relatively upbeat about the economy is his appearance at European Parliament. He highlighted the downside economic risks once again and pointed to Brexit but that's nothing new.

The euro had touched a one-week high earlier but has slipped back to 1.1250. The next level of support is 1.1244.

One spot I'm watching closely is the bond market as US Treasury yields continue to wilt. They've fallen further than their Eurozone counterparts today and unless that reverses, I don't see scope for much euro selling from here.