The euro/dollar has reached resistance

On Thursday trading in Europe, the US dollar continued to fall in price to its competitors. The euro/dollar initially extended consolidation area to the level of 1.0665, the price corrected from there to 1.0620. Then, supported by EUR/GBP cross pair buyers went on the offensive position and pushed the session high at 1.0685. Opposite fluctuations in the euro/dollar was caused by anticipation of the publication of minutes of meetings of the ECB.
Pound/dollar during the European session, rebounded to 1.2316, which was followed by a 38% correction of the upward movement from 1.2168.
After the press conference of Donald Trump, which was held January 11, demand for US bonds has risen. In this regard, they reduced yields and the US dollar depreciates. Now the focus is on the speach of the US Federal Reserve Chairman Janet Yellen, which will be held on Friday at the start of the Asian session, at 06:00 GMT.
EUR/USD reached a resistance. Toward the close of the European session, the Euro is expected corrective phase in the region of 1.0630. If this level can stand up to the European session on Friday, we could expect the next updated week high.