Any lingering fears of ECB concern over the EUR should be all but dispelled as the ECB's Mersch says that "the policy normalization process" is not over. Rates remain accommodative and moderate, he says while saying it would not be a surprise if Eurozone GDP forecasts were revised upwards.
With EUR/USD having tested all-time highs today, the ECB is showing no signs of stain so rate hikes are full steam ahead. Barriers remain at 1.3670/75 with stops at 1.3675/80, more barriers are seen at 1.3700. EUR/USD trades at 1.3657.
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