The EUR has been very stable since the close of the Central Bankers meeting in Portugal, hosted by the ECB. The ECB led the mantra, ‘higher for longer’, driving the narrative of a serious war on inflation. The ECB is well behind most other Central Banks, on the interest rate curve, thus has plenty of latitude for higher interest rates.
Current Level: 0.6095 (1.6405)
Resistance: 0.6170 (1.6210)
Support: 0.6040 (1.6555)
Last weeks Range: 0.6060-0.6100 (1.6500-1.6390)