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EUR/USD headed for a daily close below 1.12

Although the EUR/USD pair was able to reach its highest level in ten days at 1.1221 at the beginning of the NA session, it struggled to sustain its bullish momentum and dropped below the 1.12 handle. As we approach the end of the trading day,

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EUR/USD retraces gains, eases below 1.12 ahead of Draghi

Following the disappointing macro data from the U.S., the EUR/USD pair reached its session high at 1.1220 but lacked a follow-through ahead of ECB President Draghi gives his opening remarks at the fourth annual ECB Forum in Sintra, Portugal. As of writing, the pair was trading