After experiencing a rise against the dollar during the last three forex trading days, the euro went down and traded well below the 1.27 level. If the pair continues to push below the support level of 1.2670, it will continue to go down. The EUR/USD forex pair exchanged at a high of 1.2771 and a low of 1.2633. The German Unemployment Change is anticipated at -19k against the prior -20k. The Unemployment Rate is anticipated to remain the same at 10%. As for the Preliminary CPI, it is expected to go down from the prior 1.7% to 1.6%.

The pound also posted a decline against the dollar as investors favored risk aversion tactics by going for the US dollar, with UK banks closed. The GBP/USD pair might continue to experience a decline if it trades below the support level of 1.5480. The Net lending to individuals is anticipated at 0.7B against the prior 0.6B. The GBP/USD pair exchanged at a high of 1.5574 and a low of 1.5452.