FX.co ★ German's court to decide on participation in ECB programme

Signals for the EUR/USD pair:

A breakthrough at 1.0945 is likely to cause the euro to rise to the area of 1.0978 and 1.1013.

If the pair breaks through at 1.0895, it can lead to a sell-off of the euro at 1.0852 and 1.0819.

Signals for the GBP/USD pair:

If the pair breaks through at 1.2507, the British pound is likely to grow in the area of 1.2567 and 1.2638.

A breakthrough at 1.2441 may lead to a sell-off of the British pound at 1.2391 and 1.2347.

Fundamental data:

The following fundamental data is set for release during the day - the Eurozone Producer Price Index, the UK PMI, the US Balance of Trade, as well as the ISM manufacturing index for the US.