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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Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:

1) China Slowdown

The world's second largest economy is losing steam but not as sharply as feared. Official figures show China's GDP hit 7.4% in 2014 -- its slowest pace in more than two decades -- though the number wasn't as weak as analysts had expected.

2) Growth Jitters

Still, there was plenty of gloom shrouding the world economy as the International Monetary Fund cut its forecasts for global growth for this year and next. The IMF said even drastically lower oil prices will have limited impact on stimulating the economy. Oil prices continued to slide Tuesday, dropping below $48 a barrel.

3) International Markets

European markets were moving higher in early trading on growing hopes that the European Central Bank will unveil a market-boosting stimulus program later this week. Asian markets ended the session with solid gains including a 2% rise for Japan's Nikkei index. China's Shanghai Composite regained some ground after savage losses on Monday.

4) US Markets Recap

The Dow Jones industrial average snapped a five-day losing streak to gain 1.1% on Friday. The S&P 500 rose 1.3% and the Nasdaq closed 1.4% higher. Markets were closed Monday for the Martin Luther King holiday.

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