The round has been won by those who thought that ECB will intervene, and mechanically EUR loose ground against USD.
ECB either intervene next June 4th by lowering interest rate or announcing a QE and EUR will continue to loose ground against USD and the phenomena would face an impetus when FED raised its interest rate, or if it keep its schedule with regard Tappering.
Or ECB do not intervene saying that it is too early, and therefore, EUR raises high against USD and towards 1.40 again.
Finaly, ECB do not intervene, EUR grow up high an the market force ECB President to intervene after June 4th sometimes before end of June.... Let's watch and see.
ECB either intervene next June 4th by lowering interest rate or announcing a QE and EUR will continue to loose ground against USD and the phenomena would face an impetus when FED raised its interest rate, or if it keep its schedule with regard Tappering.
Or ECB do not intervene saying that it is too early, and therefore, EUR raises high against USD and towards 1.40 again.
Finaly, ECB do not intervene, EUR grow up high an the market force ECB President to intervene after June 4th sometimes before end of June.... Let's watch and see.