EUR
EUR/USD is going down after the announcement of the decision to reduce the discount rate. Reduction of pair was caused by fixation of long positions, but the price is expected to return very soon, and we will see continuation of ascending trend.
Intermediate buying of EUR | USD will start from the support line of ascending trend at around 1.56 (see chart). In the case of the further reduction the buying will increase approaching to 1.54. Counting in favor of further growth there are Bush's speech which was somewhat disturbing, as well as low inflation that allow the United States to lower discount rate to 1%.
On Wednesday Construction production as well as the trade balance on European economy will be published. The latter will be of interest because growth of EUR could affect the export of goods from the euro zone.
the source of info:
http://blog.poltekfx.com