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The present trading week is considered to have less fundamental data, which can potentially drive this currency pair. Weekly events include Eurogroup Meetings and Mario Draghi's speech, as well as consumer sentiment and retail sales statistics from the United States. Right now, the Euro is trading even below the 1.29 major level, hovering around 1.2871, slightly above the weekly S1 support line. Dukascopy traders, in turn, became more undecided on future perspectives of this pair's movement, as bullish and bearish votes are equally divided at the moment. The consensus forecast, however, reaches the 1.30 important psychological level, the breach of which may push the pair to trade even higher. Such an opinion is supported by rokasltu, who suggests that "...market reaction on EUR interest rate decrease was too strong. In fact interest rates were close to 0 already and it could invoke some EUR/USD drop, but not so big. Also, US labor market data missed forecast, thus I think EUR/USD will return above 1.30." Meanwhile, 34% of all votes are located in the range of 1.30-1.312.
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