The first day of the week was in favor of the dollar. The USD/JPY rate broke up long-term highs, as the pound fell against the dollar, after the reports of a weakening British economy and a likely rate cut by the Bank of England.
Despite that, euro has shown resilience.
Sellers tried to lower the rate to 1.1100, however, nothing came out.
EUR/USD: it is possible to buy from the average, as well as to break 1.1205.
A break down to 1.1085 is a signal of a cancelling growth.
From the news: On Wednesday, US and China are scheduled to sign a trade agreement, however, a report was released in the US, accusing China of undervaluing the yuan. The said agreement may be broken.
The material has been provided by InstaForex Company - www.instaforex.com