Important events today:

US: Treasury Department Auctions.

There is a mixed picture today. On the one hand, we can expect lower quotes amid a reduction of dollar liquidity in the financial system. The U.S. Treasury Department will hold a series of Treasury bond auctions today with a total volume of $99bn.

The same amount was offered last Monday and EURUSD dropped 100 pips in the U.S. trading session then. On the other hand, we can see a good demand on the commodities market in the industrial and precious metals segment, which is favorable for the EURUSD, as the assets are historically correlated with each other.

Recommendations: flat 1.0460 -1.0580