EURUSD is trading rather flat with the previous session’s volatility easing. This comes ahead of today’s ECB monetary policy meeting. As investors await the ECB’s announcement of easing measures, the downside pressure on the euro could build up.
Price action is currently near the 1.1300 handle. But there is scope for a decline to 1.1200 level. In the near term, we could expect this range to hold. But a lot will depend on how investors react to the ECB meeting today.
