On Monday, the euro trading ended slightly down. Despite falling to the level of 1,0620, eurobulls managed to partially restore the daily losses. The single currency fell against the dollar on the statements of the representative of the ECB Ewald Nowotny. He said that Brexit can lead to significant problems, and that the ECB will not discuss QE decrease until the autumn. The price in the American session returned to the level of 1.0709.The ECB President Mario Draghi will have a speach today and Europe will publish preliminary data on GDP for the fourth quarter. The speaches of Draghi at the press conference after the ECB meeting usually has a strong influence.
On Tuesday it will begin a two-day meeting of the US Federal Reserve Open Market Committee. It is expected that the regulator will keep rates unchanged. The event is important for the markets, but it is unlikely to have a strong impact.
In this regard, the forecast for Tuesday is for decrease to the area of 1.0661 and a rise to 1.0740. According to the technical analysis of the intraday outlook: minimum for the day - 1.0662, maximum - 1.0740, closing - 1.0710.
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