The anticipated risks from JPY and CHF now dismissed and EURUSD and EUR pairs with major currencies are managed with perfect credibility on the lower ceilings. EUR resumes to strong against major currencies.
Based on EMS treaty agreement, the current lower ceilings are the "central parity" for EMS target zone, at such the previous upper ceilings subject to align and realign to upward, except the FED to increase interest rate during the upward movements. Interest rate increase by the FED may limit the upper ceilings to be "hold" until ECB may initiate interest rate hiking.
Based on EMS treaty agreement, the current lower ceilings are the "central parity" for EMS target zone, at such the previous upper ceilings subject to align and realign to upward, except the FED to increase interest rate during the upward movements. Interest rate increase by the FED may limit the upper ceilings to be "hold" until ECB may initiate interest rate hiking.