On Monday, the pair EURUSD at the close of pretty well grown. By the close of trading, the euro gained 0.11% and reached the level of 1.1308. The European currency at the beginning of this week trying to overcome the negative trend that has emerged in the beginning of February. Recall that in early February, the euro fell 1.2% against the dollar. It is possible that within the next two weeks trend will reverse the growth of the single European currency and can reach even up to 1.1340.
Daily graph EURUSD pairs:
In all likelihood, the euro area financial markets satisfied with the outcome of negotiations China and the US on the issue of withdrawal from the trade war that even the president of the United States, Donald Trump praised on his page on the social network Twitter as successful. Differences in the British Labor Party, which on Monday left several prominent politicians, may be a signal that Brexit may be delayed due to internal disputes in the United Kingdom, where for a long time that something was wrong.
In the morning, the pair EURUSD loses 0.1% of yesterday's closing. Perhaps, today and tomorrow, the euro will fluctuate in a very narrow corridor within the limits of 1,129-1,131.
15 minute chart EURUSD pairs:
For the euro area today will be relevant for the following events:
13:00 (GMT + 3) - the publication of index of business sentiment ZEW for the eurozone and Germany in February.
18:00 (GMT + 3) - the representative of the ECB Peter Prata.
Source: «EURUSD: The trend for the euro in a few weeks can turn on growth"
Euro dollar exchange rate forecast for EURUSD today Alpari