Growth predictions for the Euro…Euro/US DollarFX:EURUSDPipTipsHello traders! We are taking a look at this market for a potential buy opportunity. According to a number or analysts, we are somewhat on the fence on whether the Euro will go below $1.16 this week. There are predictions that we may see a slight dip or it may remain above this level. The US Treasury and Taiwan’s central bank are working to avoid currency manipulation, which could help stabilize the dollar. On the other hand, the end of the U.S. government shutdown has given the market a boost, leading to a slight weakening of the dollar. When a shutdown ends, markets often react with relief because government spending resumes and economic uncertainty drops. In this case, that relief led investors to take on a bit more risk, moving money into riskier assets. That shift caused the U.S. dollar to weaken slightly, since money flowed out of the dollar and into other investments. Trading Economics expects the euro to trade around $1.17 by the end of the quarter which provides us with this idea. We will continue to looking for other confirmations to support this idea.