ECBs Stournaras: If Trump does what he says on tarriffs, it will be negative for Europe.

  • The EURUSD approached converged 100/200 hour MA at 1.08316 and found early sellers at 1.0824

The ECB Stournaras is on the wires saying:

  • If Trump does what he says on tariffs, it will have a negative impact on European economy.

The EURUSD has corrected higher in trading today, and in the process moved up to a high price of 1.0824. That got within about 8 pips of its near converged 100 and 200-hour moving averages (blue and green lines) which currently come in at 1.08316.

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