The pair moves sideways below 1.1400. The EUR/USD consolidates the failure at the 1.1400 in the past week.
The pair is unable to rise above the 1.1400 critical resistance despite improving sentiment towards riskier assets, which is due to optimism over a possible US-China trade agreement.
From the eurozone we expect Sentix investor confidence and January producer prices. From the other side of the pond there are no noteworthy releases from the economic calendar, before tomorrow the ISM will be non-production ready.
The ongoing rally in the single currency is mainly due to the USD momentum. The euro continues to focus on developments in US-China trade talks.
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