EUR/USD: the euro should consolidate ahead of the ECB meeting (Danske Bank)

Danske Bank expects a quiet EUR/USD session on the forex today, and even in the coming weeks ahead of the ECB meeting.

"The EUR/USD finished Monday's session on a heavy note following a strong manufacturing index in New York. With a relatively light schedule on Tuesday, we will probably have another calm session before the speeches by Fed and ECB members on Wednesday.

We expect the EUR/USD to hover around 1.18 in the coming weeks, pending the ECB meeting on 26 October."