EUR/USD: Struggle with 1.1200 Extends, ECB in Focus

The offered tone surrounding the US dollar appears to weaken a bit ahead of the European open, keeping EUR/USD flat-lined around 1.12 handle.

EUR/USD falls sharply from above 100-DMA

Currently, EUR/USD trades modestly higher at 1.1199, reversing a spike to 1.1214 levels reached in early Asia. The recovery in the main currency pair from ahead of 1.11 handle lost legs near 1.1215 this Thursday, as the USD bulls recovered lost ground somewhat versus its major competitors. Meanwhile, the USD index now drops -0.09% versus a 0.21% slide seen earlier today.