EUR/USD not off to a very good start in 2025

Yesterday afternoon the EUR/USD was already falling below the 1.03 handle for the first time since 2022, when a comment from an ECB officially really kicked it into touch. The remarks from Stournaras sent the Euro stumbling to a low at 1.0226. He suggested the ECB should cut rates to 2%. Please look at a chart of the EUR/USD and you will see his comments came right on the 4pm London Fix and that is when the Euro hit its nadir. The rebound into the US close did not recover much ground either. The Euro closed in the US at 1.0265. The noted break below 1.0335 earlier in the day was the first warning sign of more downside to come and it is hoped all the narrative ahead of that and subsequent to it helped you to profit from what was a decent move lower from the breakdown. The EUR/USD is edging a little higher this morning, but yet to recapture that 1.03 handle. Even if it does, the level of most likely point to offer resistance lies behind that, at 1.0335. The range seen so far this morning has been covered by 1.0256 to 1.0283. The EUR/USD is right now at 1.0276