EUR/USD maintains over 1.0600 despite a weaker USD; FOMC decision in focus

 

On Wednesday, the EUR/USD stays limited in a range since it lacks a clear intraday direction. The pair benefits from the overall unfavorable mood around the USD. Ahead of the ECB meeting on Thursday, investors are looking to the FOMC decision for inspiration.

On Wednesday, the EUR/USD pair failed to generate real momentum and oscillated inside a small range for most of the European session. However, spot prices can maintain themselves firmly above the 1.0600 level and are still within striking distance of the more than five-month top reached on Tuesday.

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