On Monday, the EUR/USD pair slightly recovered from the 11-years low and on the thin trading day increased towards the 1.1640. However, during the Asian session the pair started to decrease and currently is moving around 1.1570.
The price did not react much on the news from International Monetary Fund downgraded the global growth outlook. The market seems to wait for more relevant data which is coming today. At 10:00am GMT the EU ZEW Economic Sentiment will be released. We should not forget, that the market will be more sensitive on negative data which would increase the probability of further QE.
Today the EUR/USD dropped but it may yet change.
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