At the beginning of the week the pair EUR/USD sharply went up,
approaching the level of 1.3700 but failed to break it up despite several attempts. After that EUR/USD started to decline slowly, probably because of the anticipation of today’s meeting of ECB and in expectations of press-conference of Mario Draghi. It is expected that monetary policy remains soft and interest rates will be left low.
In addition, US Non-Farm Payrolls report will become known today; expectations are mixed. Therefore, even in case of the negative statistics the pair is unlikely to go above the level of 1.3700. Market is going to be volatile today unlike yesterday’s. Note also that tomorrow is Independence Day in the USA.