summary
an uneventful press conference that was neither hawkish or dovish. Price seems to have sold off somewhat which i'll put down to traders seeing no movement in communication as dovish. To me however, there was an underlying consistent tone in the press conference and that is besides trade issues of which there was good news with Trump and Junker, the tone was continued progress, reduced risks, and an all round positive. Given that the $ has no fresh news and has been appreciating but becoming softer over the last 24 hours, i am opening up a long position in eurusd. I don't see any fresh news to drive the dollar further while not getting any dovish news from the ECB so by my calculation there is a potential for a relief rally post event.