For EUR/USD the new trading week began with moderate growth on Asian session in the absence of any significant news, amid positive trading on Asian stock markets and improving of the overall market sentiment.
Unexpectedly, EUR / USD lost more than 150 pips at Wednesday session, with no significant news in the economic calendar.
Yesterday EUR / USD has dropped more than 100 points on the background of coincidence of two factors corrective USD dollar gains and the comment of the ECB head.
EUR / USD closed the seventh week to the row in the green, although Friday's decline left the market participants not in a very optimistic mood right before the weekend.
Yesterday EUR / USD resumed its upward move towards the highs set last week.
On Wednesday, European currency is in demand again on the eve of important statistics on the EU and the US. Fundamentally, the mood in the market did not change much since last week, as the recent correction was of a technical nature associated with a certain EUR/USD overbought levels. It is worth noting that the results of correction are almost completely leveled to the start of today's trading session.
Yesterday ECB President Mario Draghi and US President Donald Trump comments were the main drivers of volatility in the market.