EUR/USD struggles around 1.1300 with eyes on ECB

EUR/USD pares the biggest daily gains in a week, sidelined of late.US dollar licks its wounds even as yields dwindle post-Fed.Market sentiment remains unclear on mixed updates over Omicron, geopolitics.PMIs can offer intermediate moves but PEPP, APP and economic forecasts are crucial words to follow.EUR/USD hovers around 1.280-85 after posting the biggest daily gains in a week despite the Fed’s hawkish halt. That said, the pair traders struggle to keep the previous day’s optimism ahead of the key European Central Bank (ECB) monetary policy meeting.

Risk appetite dwindles amid mixed updates concerning the South African covid variant, dubbed as the Omicron, as well as relating to China. While the virus cases are spreading outside the West of late, chatters surrounding the medicines and their effectiveness join cautious optimism to overcome the pandemic and favor the bulls.

EUR/USD

OVERVIEW

Today last price    1.1286

Today Daily Change    -0.0002

Today Daily Change %    -0.02

Today daily open    1.128

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