Recent data showed that the slowdown in the US economy continues. The employment report for June today at 12:30 (UTC+00) is likely to be quite weak - and this may push the dollar to a new wave of decline.
EURUSD: The change of the head of the ECB becomes an important topic for the euro - the powers of Mario Draghi will expire in late October. There are information saying that, Christine Laggard, the head of the IMF and the representative of France, will become the head of the ECB. As head of the IMF, Laggard has always been an active supporter of super-soft monetary policy in a situation of recession in the economy. It can be expected that the ultra-soft policy of the ECB, has been carried out by Draghi for 9 years since the crisis of 2008-09, will be continued by the new head of the ECB.
We are ready to buy the euro at the breakthrough of 1.1325.
We are ready to sell the euro from 1.1180.
