By ForexMansion.com
The EUR/USD pair moved to lower Friday after the US economy added more than 215.0 thousand jobs last month while unemployment dropped to 8.8 percent, spurring demand for low yielding assets.
The European shared currency is expected to rise slightly Monday where the only news affecting trading will be the PPI index (09:00 GMT) that is highly expected to rise as cost of input increased on producers in February due to unrest in MENA area which drove oil higher and the euro to gain against the dollar.
Traders await the release of ECB and BoE rate decision where tightening policy by the ECB is expected which would force the euro to depreciate further. The decision will be released Thursday at 11:45 GMT, while BoE rate decision will be released in the same day at 11:00 GMT.
Further bearishness is expected Monday as far as trading remains below 1.4150.
Originally posted here
