On Tuesday, the Euro continues to remain in a narrow range against the US dollar. At the same time, the price is at the upper limit of the higher range and could not reach the previously fixed maximum formed during the sharp weakening of the US national currency at the beginning of last week.

All this indicates an increased probability of a decline. The catalyst for the increase in volatility is likely to be the publication of statistical data in the United States. The first indicators will be known in the near future.

It must be remembered that the longer the price stays within the range, the more intense the going beyond it can be. In case of a decrease in quotations, the factors accelerating the decline will be: the closing of long positions by buyers and the opening of short positions by sellers entering the market.