EUR/USD traded in a tight range between 1.0790 and 1.0845 ahead of the European Central Bank's rate decision scheduled for Thursday.
Markets have fully priced in a hold at 4.00% for the deposit facility rate, with attention focused on ECB President Christine Lagarde's press conference for signals about the pace of future easing.
**What traders are watching:**
- Eurozone CPI flash estimate (Thursday, 09:00 GMT)
- ECB statement tone — dovish or neutral pivot signals
- US Nonfarm Payrolls (Friday) — could shift EUR/USD significantly
The pair has found support at the 200-day moving average near 1.0780. A close below this level would signal further downside toward 1.0700.
For GCC traders, EUR/USD remains the world's most liquid forex pair, offering the tightest spreads and deepest execution quality at most regulated brokers.
*Risk Warning: Forex trading involves a high risk of loss. This is not investment advice.*