No important events are expected today.

The decline of quotations to the nearest support levels is used to open Buy positions for two reasons. First, there is a decline in the US 10-year government bond yields on the debt market, which is negative for the US currency. Bond yields have fallen below 4%.

Secondly, the commodities market growth will provide additional support to the Euro as assets correlate with each other. Traders are actively buying industrial metals and energy on expectations of faster economic growth in China, as the ruling Communist Party wants to return GDP to a steady growth trajectory.

Recommendations: Buy 1.0620/1.0585 and TP 1.0694.