EUR/USD TRADES JUST BELOW 1.0900 AHEAD OF ECB POLICY ANNOUNCEMENT

• The European Central Bank is set to announce its policy decision and projections on Thursday. 
• ECB’s Lagarde will hold a press conference and volatility for EUR/USD is expected. 
• The short-term uptrend continues to struggle higher even as positive Eurozone data contrasts with US results.  

EUR/USD is trading in the 1.0890s on Thursday prior to a fanfare event for the FX markets this week – the European Central Bank (ECB) policy announcement, scheduled for 13:15 GMT. 

The EUR/USD pair made it all the way up to ding-a-ling 1.0900 on Wednesday after the release of better-than-expected German trade and Eurozone Retail Sales data boosted the Single Currency. Now traders appear to be in wait-and-see mode prior to hearing the results of the ECB’s roundtable.