EUR/USD is managing well to keep business around the 1.14 neighborhood despite posting small losses so far in the second half of the week.
EUR/USD looks to ECB, risk trends:
Following four consecutive daily advances, EUR/USD is now giving away part of those gains after climbing to levels last seen in early March in the 1.1450 regions on Wednesday.
In the meantime, encouraging news surrounding potential COVID-19 vaccines plus the ongoing reopening of the global economy coupled with signs of a strong rebound in some fundamentals in the region are all collaborating with the uptrend in the pair – and the rest of the risk-associated universe.
Later in the session, the ECB is expected to keep its benchmark interest rates unchanged, while a further stimulus is not favored but it should not be ruled out either.
Data across the pond include June’s Retail Sales seconded by the Philly Fed manufacturing gauge and weekly Initial Claims. In addition, the NAHB index is due followed by TIC Flows, Business Inventories, and speeches by FOMC’s Williams and Evans.
EUR/USD SHORT (Sell)
ENTER AT: 1.13732