EUR weakness didn't last long.

The EUR weakness following the ECB decision has turned into strength as the market embraces 'risk on' and the likelihood of a 'soft landing'.

I'm currently of the opinion that 'risk on' trades are a viable option when a stop loss can be placed behind 'nice 1hr support'.

Central banks are citing data dependence when it comes to the timing of rate cuts. It currently looks like the ECB, BOC and the FED will cut by June at the latest. And the market is content. Of course tomorrow, NFP is reported and I would take any ongoing trade off before the release. (If you remember last month, an extremely positive number had the market thinking cuts would come much later than expected).

There is a high sensitivity to every data point at the moment. But for now, I believe the jubilant mood can continue.

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