Currencies Outlook

The European economy is barely growing while Trump’s administration is expected to cut taxes, deregulate the economy and reduce immigration. In short, plenty of reasons to expect the ECB to cut rates faster than the Fed. Why, then, is the decline in EUR/USD still fairly limited? 
 

The European economy is battered by negative developments while Trump's expected policies are seen as positive for the US economy and dollar. This increases pressure on the ECB to sharply ease monetary policy, but does the central bank have the room to do so and what does this mean for EUR/USD?
 

Trump wants to significantly boost growth via tax cuts. At the same time, he wants to restrict the supply side of the economy by imposing import tariffs and expelling illegal immigrants. How will the Fed react and what does this mean for EUR/USD?