ECB in focus at 13:45 / 14:30 CET

Markets are in a wait and see mode ahead of ECB meeting. The biggest danger the ECB run today is falling short market expectations which could lead to aggressive short covering and push the Euro higher instead of lower. Not expensive, but cheaper Euro can help EU inflation to turn around to the upside.

2 major levels worth watching (light support 1.3100, strong resistance 1.3220), see chart below