ecb news

If you are looking for more clues about the state of the Euro and whether we are headed towards 125 OR we are going to break the double trend line talked about in a couple of posts. This from MarketNews:

12:14 04/06 ECB: ECB's Nowotny says there's room for another move on refi, 1% limit, overnight deposit rate should not go to zero. Sees weak positive growth signs, close to a trough, but when crisis is over, monpol must react fast and strong. Remarks come from a Rtr interview.

I don't know. It's like a puzzle. I mean, what is he saying? Interest rates will go down (and thus weaken the Euro) BUT the economy is slowly getting better (125 is a fair level for the Euro/US?) This is why fundamental analysis should be used, but only to support technical.