The European Central Bank is set to announce its policy decision and projections on Thursday.
ECB’s Lagarde will hold a press conference and volatility for EUR/USD is expected.
The short-term uptrend continues to struggle higher even as positive Eurozone data contrasts with US results.
EUR/USD is trading in the 1.0890s on Thursday prior to a fanfare event for the FX markets this week – the European Central Bank (ECB) policy announcement, scheduled for 13:15 GMT.
The EUR/USD pair made it all the way up to ding-a-ling 1.0900 on Wednesday after the release of better-than-expected German trade and Eurozone Retail Sales data boosted the Single Currency. Now traders appear to be in wait-and-see mode prior to hearing the results of the ECB’s roundtable.
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