EUR / USD falls back to a high of 1.2233 on February 25
The euro is struggling to gain momentum today, and part of it may owe to the ECB’s late mixed comment.
This could help ease the growth of the euro if other central bank policymakers start making similar comments before the next meeting on 10 June.
As for the technical side of things, falling back to its highest level on February 25, @ 1.2243, would be a severe blow to buyers trying to keep up with the recent rise.
So far, the dollar has remained more stable, unchanged in its entirety, with the exception of some kiwi and aussie losses – due to the first rise since the RBNZ adopted a sharper stance.