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EUR/USD to remain lead footed into the ECB - UOB Group

FXStreet (Łódź) - The Market Strategy Team at UOB Group suggest that EUR/USD should continue trading in a tight range ahead of the ECB monetary policy decision later today.

Key Quotes

"The string of EZ PMIs released yesterday (note also the German growth forecast downgrade from the Ifo) failed to yield any strong positive surprises and the pair is expected to remain lead footed into the ECB later today (1245 GMT)."

"Going ahead, if the pair becomes unhinged from the 1.2500 level on a sustained basis, 1.2400 and then 1.2350 may continue to beckon in the near term."

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