Breaking: ECB adopts symmetric 2% inflation target, EUR/USD off the highs

The European Central Bank has shifted to a symmetric inflaitno target of 2% contrary to a ceiling at that level. That is a dovish shift, but one that was fully expected by markets. 

-- more to come

EUR/USD has been attempting a recovery ahead of the publication, recapturing the 1.18 level and advancing toward 1.1850. 

See ECB Strategic Review Preview: Three potential EUR/USD movers to watch