Date : 4th September 2014 LOW MARKET VOLATILITY AHEAD OF THE ECB RATE DECISION AND ECB PRESS CONFERENCE. EURUSD rose yesterday and closed at 1.3149. The pair rose after reports about a possible cease-fire agreement between the Ukrainian President Petro Poroshenko and the Russian President Vladimir Putin. In the economic news the services sector in Germany continued to worsen in August coming at a reading 54.9. The Services PMI in the Eurozone also recorded a drop coming at a reading of 53.1 in August. The Retail Sales in the EU also dropped on a monthly basis recording a 0.4 percent drop in July. In the United States the factory orders rose 10.5 percent in July. The Fed’s Beige Book indicated that the economy in the US continued to expand at a moderate to modest pace over the summer. With the high impact economic releases today is the most important day of the current week for the financial markets. Investors are looking forward for the ECB Minimum Bid Rate decision, the ECB Press Conference, the ADP Non-Farm Employment Change data from the United States as well as the Jobless Claims report. Investors should be fully aware of the potential high volatility that we may witness today on the market during the time of the economic releases. Support for the EURUSD is seen at 1.3109 and resistance is seen at 1.3191. Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.