Further Euro Upside Possible Without ECB Interference - a Big ’If’

As EUR/USD appears to be primed for a technical breakout to the topside, it comes against the backdrop of the ECB recently admitting that its latest measures aren’t aimed at the FX channel. Now that the ECB’s new easing measures are in effect (as of this Friday), further Euro upside wholly depends on the ECB keeping quiet about the Euro’s exchange rate.