The EUR/USD is just hanging on the underside of the hourly kumo ahead of the ECB meeting. Basically if Draghi and the ECB go with QE-lite at around 500 Billion euro the markets would see that as insufficient. The result would likely be that the euro rises fairly suddenly. If the QE is around 1 Trillion euro with sovereign debt purchases then see the euro fall fairly sharply against the $USD.
EUR/USD 1hr chart
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