Euro Stalls as ECB Member Hints Shift on Rate Cuts

The pair is being monitored with the resistance zone at 1.0690/1.0700.

In the past few days, European Central Bank member Villeroy indicated that there may be a reconsideration of interest rate cuts at the upcoming June meeting. Despite previously supportive remarks regarding rate cuts in June, uncertainties in the Middle East seem to have prompted a change of stance.

Technically, EURUSD maintains a sideways movement in the range of 1.0600-1.0690. Market participants will closely watch data releases and ECB members' statements for directional cues.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.0820	1.0750	1.0690	1.0600	1.0585	1.0520