Good data on the US came out on Friday, which put pressure on most currencies, but the euro ended the day higher after a bit of confusion. Personal incomes of consumers increased by 0.6% in January, expenses increased by 0.2%, business activity in the manufacturing sector of the Chicago region in February amounted to 49.0 points against 42.9 a month earlier.

The euro showed an abnormal growth of 120 points on Thursday amid moderate (canadian dollar) or even indistinct (Australian dollar) development in other leading currencies.. The reason for this was the widespread risk aversion and the curtailment of European carry trade transactions.

The euro once again tried to compete with the resistance of the Fibonacci level of 138.2% (1.0898) on Wednesday, the trading volume was high, it is very likely that investors again accumulated short positions.

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The market was calm on Monday. There was no hot political news, which became a favorable ground for the mass closing of short positions and fixing the profits of euro sellers.

For the Euro/Dollar pair, we follow the formation of the initial conditions for the upward cycle from February 20 and the level of 1.0868 is the key resistance. For the Pound/Dollar pair, the price formed a pronounced upward structure for the top of February 20 and the level of 1.2876 is the key support.

For the euro / dollar pair, the key levels on the H1 scale are: 1.0891, 1.0861, 1.0832, 1.0807, 1.0775 and 1.0751. Here, we expect a correction in a downward trend. Short-term upward movement is expected after the breakdown of the level of 1.0807.

For the euro / dollar pair, the key levels on the H1 scale are: 1.0891, 1.0861, 1.0832, 1.0807, 1.0775 and 1.0751. Here, we expect a correction in a downward trend. Short-term upward movement is expected after the breakdown of the level of 1.0807.

For the euro / dollar pair, the key levels on the H1 scale are: 1.0891, 1.0861, 1.0832, 1.0807 and 1.0751. Here, mainly, we expect a movement in correction from a downward trend. Short-term upward movement is expected after the breakdown of the level of 1.0807.

For the euro / dollar pair, the key levels on the H1 scale are: 1.0938, 1.0910, 1.0888, 1.0864 and 1.0827. Here, the price is near the limit values for the downward cycle, and therefore, we expect a correction. Short-term upward movement is expected in the range of 1.0864 - 1.0888.