ECBs Wunsch is on the wires saying:
- May be too early to get hopes up on rate cuts.
- Cannot exclude policies to type for longer than seen.
- Wages are high labor markets are tight
The EURUSD bounced off support today near a swing area and above the 100 bar MA on the 4-hour chart, but remains below the 200 bar MA on the 4-hour chart at 1.08248. The 200-day MA is at 1.08414 and remains a topside target as well on more upside momentum.
This article was written by Greg Michalowski at www.forexlive.com. Source