ECB Schnabel (hawk) says:
- Current price shock cannot simply be looked through.
- Prices are already generating indirect and potentially second round effects
- We are not in a pre-war situation even after fall in oil prices.
The EURUSD remains confined in the North American session trading above and below its 100 hour MA at 1.14168. The current price is trading right at that MA level with a US session high at 1.1422 and the low at 1.14078. That is not a lot of price action.
