EUR/USD daily forecast:

Current price 1.4089. At the present time on the 4-hour chart it looks that the currency pair is in downtrend position. The German Ifo Business Climate will be released today at 9:00 a.m. GMT. If it comes out positive than we may expect that the EUR will gain some pips over the American currency. On the other scenario, I suppose that if EUR/USD falls below 1.4020-1.4000 another drop to 1.3950-1.3930 might be possible later on today.