ECB comments on tightening policy

In the Asian session on Thursday (April 6), EUR/USD fell to 1.0887, a drop of 0.13%. ECB guidance may no longer spell out “when” and “how much” rates will rise, but rhetoric has made it clear that the fundamentals point to further tightening. ”

Meanwhile, EUR/USD has recovered steadily from mid-March lows of 1.0516, reaching a high of 1.0972 this week. Market participants believe through technical analysis that the peak of the exchange rate is 1.1032, which is the high point on February 2. Maher expects EUR/USD to challenge 1.10. He believes that it is hard not to like the euro when the European Central Bank says high inflation will remain high for a long time.