EUR/USD Pauses Ahead of ECB Meeting and Inflation Data

The EUR/USD is experiencing a brief respite from its recent downward trend ahead of the European Central Bank (ECB) meeting and the release of inflation data.

The pair has been under pressure due to the strong US dollar and higher interest rates in the United States, which have made the euro less attractive to investors.

However, a slight improvement in sentiment is seen as markets await the ECB's decision on monetary policy and the release of consumer price index (CPI) data.