The World’s most popular Currency Pair remains lifeless this week……
EUR/USD has been a very stable and quiet Currency Pair so far this week and indeed year to date, currently trading @1.1368. The Pair has only a 60pip movement range between its high and low this week, with all eyes on this pair awaiting the ECB meeting on Thursday. It is expected the EUR will struggle after the meeting against major pairs and the dollar as the ECB will have to acknowledge the risks to the Eurozone’s economies are piling up, any political news in the meantime may cancel this out however. Since the start of the year the Pair is around 1% lower, the spike being the high @1.15’s on the 10th Jan. We expect the Pair to liven up post the ECB meeting tomorrow, and next week.