Strategists at Westpac view the area of 1.14-1.16 as a tough hurdle for the pair. Key Quotes “EUR strength exacerbating the sharp tightening in financial conditions already being delivered via bank and sovereign credit spreads”. “ECB likely to deliver a heftier easing March 10, dovish speak from the likes of Weidmann ("economic skies more cloudy than a few weeks ago") all but sealing the case for more action. EUR has repeatedly failed into 1.14-1.16, upside momentum in any case likely to stall out closer to the ECB meeting”. For more information, read our latest forex news.