EUR/USD sitting at resistance

With EUR/USD at resistance, this is the analyst talk on Bloomberg:

  • Bullish Euro chatter on the terminal hinting at a EUR/USD breakout coming.
  • If inflation is seen as in tact, the thinking is that the ECB could wind back policy faster than is priced into the Euro.
  • That would mean last week's post-ECB drop was overcooked and would be erased and then some.
  • With EUR/USD at resistance, it might be poised to finally pop. Third time lucky...