After ending the previous trading day at 0.9966, EUR/USD went up to 1 only to drop back; still positive overall today, now trading at 0.9973.
Germany GDP data will be released today at 08:00 UTC, with an expected decline to -0.2.
Meanwhile, Euro Zone Deposit Facility Rate (Oct) came out at 1.5, while a consensus of analysts was expecting 1.5. Euro Zone Interest Rate released yesterday at 12:15 UTC with a figure of two, while the previous figure was 1.25. Euro Zone ECB Marginal Lending Facility released yesterday at 12:15 UTC with a figure of 2.25, while the previous figure was 1.5.
A look at other currencies also shows bullish price action as EUR/JPY is up 0.48%. USD/JPY is up 0.37%. Having closed the previous session at 0.8614, EUR/GBP is up 0.36% today to currently trade at around 0.8645.
Furthermore, the market is looking at today at 08:00 UTC data for Germany GDP will be released, with an expected decline to -0.2 from the preceding figure of 0.1.
Also worthy of note, Germany Consumer Price Index is expected today at 08:00 UTC. Italy Consumer Price Index is expected today at 08:00 UTC.
The Euro is now trading 3.85% away from its significant low of 0.9596 first tested a month ago.