The euro strengthened against the US dollar by more than 1%. This movement was caused by technical factors. Demand for the US currency is supported by a possible increase in the interest rate of the Fed at the March meeting. The key support and resistance levels are 1.05900 and 1.06250, respectively. If the price consolidates above the resistance level 1.06250, further growth of the EUR/USD quotes to the level of 1.06500-1.06750 is possible. Read more