The drop in the euro came after the ECB’s Weidmann said the ECB may adjust rates if new information warrants it, on Dow Jones.
There is some minor trendline support, followed by strong bids at 1.3050. Yesterday’s low of 1.3022 is a key support level.
Surprising comment from one of the most hawkish voices in Europe. This will stoke the rate cut fires for a few days and could be a game-changer for the trajectory of the euro.
