EUR/USD consolidates in a range 1,1025-1,1155

Growing momentum in the euro/dollar to Friday yet exhausted. The main trades in the instrument revolve around the level of 1.1100, the pair activity is in below average levels. Once buyers are not willing to move on, it's time for the pair to consolidate in this range, moreover on Friday there weren't neither good nor bad news. Presumably, such a corridor could be the range 1,1025-1,1155. Here, the main currency pair will fluctuate as long as the market did not receive new catalysts.
The international rating agency S&P decided to decrease the EU rating to AA, because of the Brexit. In comments to the decision of the agency was said, that such an event could negatively affect the EU's financial flexibility. In addition, there are political situation out of sync, and this is also a negative impact on the global image of the European Union. Interesting fact is, that the S&P does not intend to increase the EU's rating, even if the United Kingdom will remain in the alliance and refuse to follow the decision for Brexit. The foreign exchange market, however, was not bothered by S&P's views, and so it is clear that in the Old World for a long time there is no agreement on a number of key issues.