The single Currency weakened against the US dollar by 0.38%. At the moment, the EUR/USD is testing the support level of 1.05900. This week the investors' attention will be focused on the ECB meeting and the report on the labor market in the United States. If the Eurozone GDP statistics is positive, the EUR/USD quotes may grow to around 1.06250-1.06350. An alternative could be the downward trend of the EUR/USD currency pair to the support level of 1.05600. Read more