But 1.4150 is seen as the key to panicking the bulls… Along the way there are more stops below 1.4205.
EUR/USD has dipped below 1.4250 a few times but trades now at 1.4255.
Make no mistake, the ECB will hike several times more, but today’s press conference is significant in that Trichet is signalling a moderate pace to the hikes rather than an aggressive campaign…