ECB's Wunsch: We might need another hike | Metals Mine

  • ECB's Wunsch: We might need another hike

Added at 2:21am

Added at 2:21am

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ZforexCM
13 hr ago
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The euro recovered above $1.14 after last week's sharp selloff as investors shifted their focus to the ECB's Sintra Forum and upcoming inflation data. Comments from Pierre Wunsch suggest the ECB is still leaning toward further tightening, even if policymakers are not committing to a July move just yet.

With inflation expected to stay above target for the coming quarters, markets will be listening closely to Christine Lagarde's remarks and Wednesday's panel with Fed Chair Kevin Warsh and BoE Governor Andrew Bailey. Any signals on the pace of future rate hikes could set the tone for the euro in the weeks ahead.

The first resistance for EURUSD is positioned at 1.1420 while the support starts from 1.1360.

R1: 1.1420 | S1: 1.1360
R2: 1.1460 | S2: 1.1290
R3: 1.1540 | S3: 1.1200
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