ECB members will be warming up their jawbones after the latest EUR/USD rally.
Barring a sharp fall in the next hour, the euro will close at the highest level since the March 19 FOMC meeting. It’s the third straight day of solid gains following Thursday’s ECB decision.
There is chatter about strong offers at 1.3875/85, more medium offers at 1.3890/1.3900. That’s followed by a heavy offers from 1.3943 up to this year’s high of 1.3967.
EUR/USD daily