A Bloomberg sources report is out saying that some ECB members are saying a September hike may be needed.The report sent the EURUSD back up toward th
A Bloomberg sources report is out saying that some ECB members are saying a September hike may be needed.
The report sent the EURUSD back up toward the 100/200 hour moving averages at 1.1003 to 1.1008 area. The high price reached 1.10063, but has backed off again to 1.0992 (see 5 minute chart below with the overlay of the 100/200 hour MAs).
Key resistance continues to hold resistance.
The ECB has said that they still see higher rates with expectations still for a hike at the next meeting in June. However, spreading out to September is not expected.
EURUSD continues to find sellers near 100/200 hour MAs
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