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The EUR/USD pair will be largely trading at the level near the 1.1419 that will face the rejection above the 1.1440 according to the Asian Trading hours. The pair will be repeatedly failed to the foothold and the reached above the level at 1.1440 Wednesday.

According to the most recent reports, the EU meeting has finished and will reconvene Monday at 14:00 GMT. Leaders have been told by Charles Michel, President of the European Council, that another reason for an understanding is €390bn in awards. The EUR may have another go at the opposition above 1.1440 if the awards figure is pushed higher to EUR 400 billion, despite the fact that additions would be brief if the arrangement stays exact.

Aside from the newsflow from the EU meeting, the pair may submit general direction to the German Producer Price Index, Eurozone Current Account, and German Buba Monthly Report.

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Jeffrey Halley

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