Yesterday the EURUSD initially fell but found enough support to turn around and close near the open of the day although closed within previous day range, suggesting a mildly bullish to a ranging tone.
Yesterday the pair failed to close above the 10-day moving average showing that the currency did not have the strength to continue its bullish momentum.
Today is the Big day with the ECB interest rate decision and monetary policy statement plus on the table is a potential increase or further extend of its dovish monetary policy.
Also today we will have Fed's Yellen testimonials before the Congress or some of its Committees to explain the current economic situation and the policies applied to improve it.
The key levels to watch are the 1.0819 (resistance), a Fibonacci extension at 1.0703 (resistance), the 10-day moving average at 1.0605 (resistance), 1.0622 (Support), and 1.0462 (support).