- ECB starts from extremely low levels
- But ECB has to take into account elevated uncertainty
Well there’s your problem: Th elevated uncertainly part is all the market is concerned with today. Rate hikes will be a supportive factor for EUR/USD before long, just not today.
EUR/USD continues to dive, trading now in the 1.4370s. 1.4323 is the 50% retracement of the bounce from 1.3970.
