On Tuesday, trading in Europe is relatively quiet. In anticipation of the President's speech the United States, major currency pairs traded in limited price ranges.
EUR/USD is trading at 1.0598 against the average price of 1.0586 of intraday range 1,0565-1,0607. Although the desire of eurobulls to resume the offensive does not inspire much optimism, the euro on dips is in demand.