EUR / USD – 1.2177
Despite the short-term fall of the euro from 1.2194 to 1.2144 amid the dovish comments of the ECB Lagarde, the subsequent rebound due to the weakness of the dollar amid a sell-off in US yields suggests that the pullback from this week’s high at 1.2218 is over, the daily close is above that. level will stimulate further development. move to May peak 1.2266 next week.
On the other hand, just below 1.2144 the day’s wild swings continue this week and there is a risk of minor weakness, the loss of downside momentum should keep the price above 1.2105.
The only eco in the EU. the expected data is the German wholesale price index. The G7 will begin its three-day meeting in England tonight, take a look at the comments from G7 officials. We also have ECB member Fernandez-Bollo speaking at the event at 12:00 GMT.