Do you want to see how retail traders are currently trading the US Dollar? Check out our . EUR/USD Holds Resistance Ahead of ECB that's begun to build, and this keeps the pair in-focus ahead of tomorrow's ECB meeting. That meeting is expected to bring the first actual steps towards tapering QE with the ECB set to wind down purchases by the end of the year. This theme was a seemingly positive driver throughout last year as markets tried to get in-front of what started to feel like an inevitable move away from stimulus. The thought being that the initial move away from ‘less loose' policy would soon turn into ‘tighter policy' as driven by rate hikes. And given that the Fed was already well-entrenched in their rising rate cycle and that the ECB hadn't yet begun, there was simply more room to price in future rate hikes around the Euro-Zone; and this created a 12-month spate of strength in EUR/USD that lasted well into this year.