The EUR/USD stays consolidated around Friday’s lows.

The dollar is holding on to its gains versus the Euro as the traders and investors await the German Zew Economic Sentiment for tomorrow. Even though some of the most prestigious international banks have lower their forecasts on the Euro, which has been affected by the recent comments from the European Central Bank, the EUR/USD pair stays very undecided for today and it stalls its fall around the 1.3850 level, just as we see it on the daily chart below, courtesy of the Forex Broker Activtrades http://www.activtrades.co.uk/.

On the chart we can also see that if the price keeps falling, then it could reach the 1.3700 level from where it may bounce to the upside, or if it retraces to the 1.3800 level, it can bounce to the downside from there.  Whatever the case may be, it should be wise to wait for the price to reach any on those two level first before taking a position on this pair.