ECB's Wunsch
ECB's Wunsch

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.

EURUSD
EURUSD trades between MA levels