After four days of going up, Euro-Dollar is down 11 pips today

EUR/USD recovering almost all the way back to 1.0997 today, after dipping down to 1.0965.

Euro Zone ECB President Lagarde speech is next today at 15:00 UTC.

Amid the market gloom, Italy Consumer Price Index came out at -0.4%, while a consensus of analysts was expecting -0.3%.

In the meantime, negative performances are also seen in other pairs as EUR/CAD closed at 1.4671 (down 0.11%).

Though Euro-Dollar has been dropping, other pairs have been performing better: USD/JPY rises 0.1% to trade around 133.88.

Around the markets, mixed performances are seen by currencies as USD/SGD moves 0.1% to trade around 1.331.

Furthermore, Germany ZEW Economic Sentiment Index is expected tomorrow at 09:00 UTC. Euro Zone ECB President Lagarde speech set for today at 15:00 UTC. Germany ZEW Current Conditions (Apr) is expected tomorrow at 09:00 UTC.

The currency pair has been trending positively for about a month. Having set a peak of 1.1048 around 4 days ago, Euro-Dollar is now trading 0.46% below this level.