The EURUSD pair is trading around the 1.1200 handle on Wednesday. The pair struggles to hold its ground following yesterday’s surprisingly dovish message from ECB President Draghi.

It’s worth mentioning that Draghi left the door open for further cuts in policy interest rates and additional asset purchases if the outlook on the region makes worse further.

Today, the economic docket is fully loaded with some top-tier economic events like the FOMC meeting. Also, market participants expect that the Fed should reveal more about the possibility of potential rate cuts in the near to medium terms.

Rose Alice

About: Rose Alice

Rose Alice has a long experience as a currency analyst with a deep knowledge of the relationship between macroeconomics and currencies fluctuation.