An ECB’s sources comment is being reported on Reuters saying:
- Policymakers see little chance of a pause in rate hike’s in July or September as inflation remains stubbornly high.
Not a big surprise here.
The EURUSD remains above its 100 and 200-hour moving average is below. The 100-hour moving average at 1.0934. The 200-hour moving average is at 1.0929. The US session level reached 1.09417.
EURUSD remains above 100/200 hour MA