EUR/USD: risks remain to the downside (Danske Bank)

Danske Bank notes that the EUR/USD pair is continuing to trade slightly lower and will be more inspired by the next ECB meeting - which is scheduled for today.

"The risks in the very short term remain to the downside because, in our opinion, the ECB is likely to revise its view of the balance of risks in a negative manner today.

As for the EUR/GBP, it's back to Friday's low (0.8760), helped by a better-than-expected labour market report in the UK and new speculation on a GBP-friendly Brexit solution."

The attention of the euro therefore remains turned towards today's ECB meeting. The 13:45 interest rate press release will likely not reveal anything new, but the speech by Mario Draghi, President of the ECB, at 14:30 will be closely monitored. After a slightly dovish December meeting due to downward economic revisions, this trend could be confirmed or even accentuated this week.