Agencies: Europe and the United States are expected to extend their rally

Ipek Ozkardeskaya, an analyst at Swissquote Bank, said in a report that the euro could extend its gains to 1.10 against the dollar if Friday’s U.S. personal consumption expenditures (PCE) data was weak and bond gains were kept unchanged. The current EURUSD cup handle pattern is a bullish technical pattern that could be attractive for opening new long positions. However, she said traders should be wary that the strengthening of the euro against the dollar is fundamentally not taken for granted, as the strength of the US economy contrasts sharply with weak growth in the eurozone and falling inflation.