The President Trump kept threatening the EU with new tariffs. The euro is waiting for the ECB meeting. Meanwhile, the market’s sentiment improved a bit, however, concerns over the coronavirus in China remained in place.
The main scenario is a recovery to the 1.1100 hurdle.
An alternative scenario is a move to 1.1060.
The euro is expected to break 1.1090 and move towards 1.1110.
The spot may decline to 1.1060 when bears break below 1.1080.