Volatility in the markets, in general, has decreased significantly. Among the news that can affect the expectations of traders and investors, we can note data on Initial Jobless Claims in the United States, the publication of which is scheduled for Thursday and the consumer price index in Germany on Friday. Otherwise, provided that there are no unexpected news in the information field and significant deviations from forecasts in the published data, it is more likely that the current dynamics of quotations can be expected to remain.

As we wrote yesterday, the Euro, which remained in the resistance zone, developed an assumed decline scenario, which continues to be relevant, however, it must be taken into account that in case of further decline, sellers are likely to experience resistance from buyers, and these zones are located quite close to each other. A significant support is the zone on both sides of the 1.0800 level. Until it is overcome, the risk of resuming the growth of the pair will remain elevated.