Flash: EUR/USD upside limited ahead of ECB - Danske Bank

FXstreet.com (Barcelona) - Danske Bank analysts note that yesterday’s slightly dovish Fed message weighed marginally on the dollar.

Key Quotes

“Today’s ECB meeting might also have a dovish twist with likely focus on forward guidance.”

“When we couple this with an expected recovery in ISM today and a decent labour market report
tomorrow we believe that the upside is limited for EUR/USD and that is it now just a matter of time before the cross starts to edge lower.”