Guindos: ECB ready to respond as necessary: El Mundo | Metals Mine

  • Guindos: ECB ready to respond as necessary: El Mundo

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ZforexCM
Mar 23, 2026 2:18am
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The euro slipped toward $1.156 as safe-haven demand lifted the US dollar amid rising inflation concerns tied to the Iran-driven energy shock. Despite holding rates steady, ECB Vice President Luis de Guindos emphasized that the bank is ready to respond if needed, particularly as risks of second-round inflation effects increase.

While markets remain cautious in the near term, expectations for further ECB tightening are building as policymakers monitor incoming data ahead of the April meeting. However, ongoing geopolitical uncertainty continues to favor the dollar, limiting upside for the euro.


For EUR/USD, the initial resistance is seen at 1.1610, while the closest support is positioned at 1.1530.
R1: 1.1610 | S1: 1.1530
R2: 1.1670 | S2: 1.1480
R3: 1.1730 | S3: 1.1410
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