ECB sources:

  • ECB members agreed to go forward with 50 foundation level hike after SNB by lifeline to Credit Suisse
  • ECB coverage debate was between 50 foundation level hike or leaving charges unchanged. No dialogue of 25 bp hike

The EURUSD is buying and selling up at 1.0618 and getting nearer to its 200 hour shifting common 1.06326. Recall from earlier within the London morning session, the value moved as much as that shifting common line and located prepared sellers. The low value within the day reached down towards its 100 day shifting common of 1.05542 however discovered assist patrons close to that degree.