At the height of the European trading session, a release on the business climate in Germany from the IFO institute will be published, which can delight investors with positive data. This indicator is closely correlated with the composite PMI index from the agency Markit Economics, which was published last Friday and showed an increase over the previous month.

This is moderate but still positive factor for the euro. On the interbank market in London, the benchmark dollar three-month Libor rate is near a historic minimum. The demand for dollars from bankers is still not visible, which is negative for the American currency.

Investment idea: Buy 1.2100/1.2080 and take profit 1.2162.