ECB Governor de Cos commented that the first interest rate cut could come in June, supporting what appears to be a strengthening consensus among top policymakers that a mid-year ease is most likely.

EUR/USD is consolidating. EUR gains are well capped around 1.0900 at the moment and spot needs to extend through the figure area to gain a little more ground towards 1.0950. 

Range support is close by at 1.0875 ahead of 1.0840/1.0850. 

Trend signals are neutral.