The support zone of 1.0900-1.0930

which we previously wrote about, remains relevant. The market's reaction to news publications in the United States, late last week, was insufficient to update the local lows. Now, the market's focus is on the European Central Bank's meeting and its decision regarding the key rate, which will be known on Thursday. If the EUR/USD pair continues to decline, the next support can be found closer to the range of 1.0800-1.0820. The catalysts for the start of the decline of the single European currency could be both the rate cut by the Regulator itself and the subsequent comments from the Bank's representatives during the press conference. If the pair resumes growth, the targets may be closer to the range of 1.1150-1.1200.