There is a report on the wires that an ECB Source is noting that the ECB is not excluding the need for another rate hike. The central bank is trying to wring out the secondary effects of the oil induced inflation.   This is especially important as oil retreats.  I am sure they want to see gains from oils decline this month. 

The comment has given the EURUSD a bid.   The pair is back above the 200 hour moving average and the 50% midpoint (at 1.5822).  This level will once again provide a point of support for buyers.