EUR/USD. January 20, 2020 – Euro started to decline again The euro has been declining for the third week in a row. The current quotation of the EUR/USD pair is 1.1080. However, experts believe that soon the European currency will be able to return to the medium-term ascending channel, which started from the beginning of December 2019. The outflow of capital to the stock market may contribute to the growth of the currency, caused by the decline in tension in trade relations between the US and China after the conclusion of the first phase trade agreement last week. This week, you should pay attention to the Index of sentiments in the business environment of Germany (01.21). Analysts predict a decline from 10.7 to 4.3 points, which may slightly weaken the euro. On Thursday, the ECB will unveil its decision on the interest rate and hold a press conference with the leadership of the European regulator. On Friday, market attention will be attracted by a series of publications of estimated indicators of business activity both in Germany and in the eurozone as a whole. Today will be a calm day, as US sites are closed due to the celebration of Martin Luther King National Day.