The US celebrates Martin Luther King Day and is on bank holiday, which means lower volumes than usual for today. Market participants will be eyeing headlines coming from the Eurozone/Eurogroup meeting taking place today, to be over tomorrow.
“I should note that if the price grows up higher than 0.9385, it may continue moving upwards and reach the target at 0.9560. But if it falls down lower than 0.9285, the pair may fall down towards the level of 0.8980”, wrote Roboforex.com analyst Igor Sayadov.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.