ECB and SNB Action Put Focus on Dollar Resilience
- ECB officials considering June meeting for first rate cut, SNB unexpectedly cuts rates
- Dollar drop after dovish Fed appears short-lived as EUR/USD faces resistance
- EUR/USD chart shows 50 & 200-day SMAs and 1.0830 level providing support
- With interest rate differential and resilient economy, dollar likely to remain supported
- European economy stagnant and in need of stimulus, increasing chance of ECB cut