EUR/USD has been struggling to find direction this week.Bulls continue to defend 1.1400 but the pair’s upside potential remains limited.EUR/USD has extended its sideways grind and closed flat on Wednesday but started to edge higher early Thursday. Nonetheless, the pair continues to have a hard time making a decisive move in either direction as investors await January inflation data from the US.
EUR/USD holds steady above 1.1400 ahead of EU Economic Forecasts, US inflation.EUR/USD is steadying above 1.1400, stalling its rebound from weekly lows. ECB policymakers contrasted Fed speakers, draft EU forecast suggests softer inflation, GDP growth. High hopes from US CPI for January can disappoint bears.