Unsteady upturn

EUR/USD

The markets keep going up, albeit rather unsteadily. The common currency is systematically purchased against the dollar. This week the slope of the curve is equal to the one, which was observed in the previous three weeks. Yet, so far there hasn’t been even a single attempt to break lower, as it was one, two and three weeks ago. However, we should mention that opportunities for such a retracement will be quite many in the coming days. The major risk is posed by the ECB’s meeting with the further press-conference of Draghi, scheduled for tomorrow. Regarding the USA, the ADP employment more…