In the first half of the day, we should expect the growth of euro quotes for two reasons. Firstly, on the London interbank lending market, the three-month Libor USD rate, which is the benchmark for bankers, has renewed its historic minimum, which is negative for the American currency. The uptrend in the gold market will provide additional support for the euro, inasmuch as assets have been historically correlated with each other.

In the afternoon, I expect the decline in EURUSD quotes on the back of the publication of positive statistics on the US labor market. Leading employment indicators from ADP and ISM point to the release of Non-Farm Employment Change data.

Investment idea: Buy 1.2047/1.2025 and take profit 1.2100.