After a brief test of the 1.1290/85, buying interest in the EUR/USD increased slightly, reaching 1.1300 before the ECB meeting.
The slight increase in greenback demand has boosted the pair's retreat from last week's break above the 1.1400 range, which is currently trading at 1.1300 / 1.1290. Volatility is low as there are no headlines from either the US-China trade talks or the Brexit negotiations.
The ECB is expected to keep interest rates and forward guidance unchanged. The market believes that the central bank will lower its forecasts for inflation and growth. In addition, there is the possibility that a new economic stimulus program, in the form of another TLTRO, will be launched.
The common currency is in line with the general risk trends, which are mainly influenced by the headlines of the US-China trade talks.
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