EURUSD shifts focus to ECB decision
EURUSD dropped dramatically on Friday and remains marginally above the 1.12 handle today, trying to show a bullish bias as dollar demand looks subdued after the recent rally.
EURUSD lacks bullish drivers
EURUSD extends the recovery after a steep decline earlier this week, with the price is nearing the intermediate resistance in the 1.1250 area on Thursday.
EURUSD: upside potential limited
EURUSD briefly jumped to weekly highs marginally below the 1.13 handle yesterday. But the pair failed to preserve gains and closed below the 100-DMA.
Dollar bulls hope for a less dovish Fed
While risk sentiment is mixed on Wednesday ahead of Powell’s testimony and FOMC meeting minutes, the greenback remains on the offensive...