It seems the ECB are using all of there vocal skills to try and talk the EURUSD down. The market stays focused now on this weeks key inflation data, should the number disappoint on the upside expect stops to be triggered on the upside and we could may well be looking at the 1.40 a miss on the downside and traders would anticipate the ECB having enough to act and EURUSD could finally start heading south.
EURUSD Daily chart
I remain bearish on the EURUSD from the fundamental side, from a technical side the pair looks to be heading north. I will look to sell rallies in EURUSD looking for a move back down in the longer term to 1.35 and lower.
On the downside keep an eye on a break of the 1.3785.
