The currency pair started the last week with developing its downtrend, but managed to break through 1.0451 again. EUR/USD stays above this level currently. Market participants expected the FED to hike rates and this event was already added to the price. However, fear about the situation with the global economy still weigh over EUR/USD and prevent the currency pair from serious uptrend. We expect the currency pair to make attempts to reach 1.0661 this week.