As we previously suspected, the EUR/USD pair is once again testing local lows, with the 1.0670-1.0740 range acting as a support zone. In the absence of catalysts for further decline, current marks may serve as a landmark for looking for buying signals. Also, even in the event of a resumption of growth, there is a probability of a preliminary update of the local minimum, located in the region of the 1.0670 mark. In such a situation, the 1.0600-1.0670 range may act as a support zone.

From planned news

The next significant event, capable of affecting volatility, will be the publication of the German consumer price index, scheduled for Tuesday.