Speaking in Malta
He adds:
- ECB council difference are on nuance, not policy
- March core inflation dip was somewhat disappointing.
- ECB will reassess stance if further improvement in EU data
The EURUSD remains within the weeks trading range, but has traded the NY session below the 100 hour MA and area currently trading at NY session lows. The 100 day MA at 1.06237 is the next key support target. The pair traded to a low of 1.0628 earlier in the day - taking out the 1.0633 low from yesterday - but buyers entered against the MA level.
With Draghi talking as if stimulus was here to stay and the US employment report to get more play tomorrow (and expected to be another good one), that should dampen demand for the EURUSD.
