Schnabel:With current monetary policy stance, we expect inflation return to target by 2025

<p>ECB session are both speaking and says:</p><ul><li>With our current monetary policy stance, we expect inflation to return to our target by 2025</li><li>The disinflation process during the last mile will be more uncertain, slower and bumpier.</li><li>We cannot close the door to further rate hike's</li></ul><p>The EURUSD is trading above the swing area between 1.0608 and 1.0616. Staying above that area keeps the buyers in play/and more control in the short term. On the topside getting above 1.0631 – 1.0639 increases the bullish bias.</p>

This article was written by Greg Michalowski at www.forexlive.com.