Forex: euro again goes to a minimum

By the middle of the trading day situation on the currency market Forex (forex) for the pair euro /dollar is fundamentally changed: the euro continues to trade in a downtrend, to 14:40 again, passing below 1.4400 and is now trading at 1.3994 marks.

External background, of course, again playing against the Euro-currency: yesterday”s assurance leader Barack Obama has come to grips with the labor market, increase tax credits and the Fed”s decision on interest rates, did not pay EUR positive emotions. In addition, investors remained concerned about the situation with Greece and the rest is not very reliable in economic terms, countries. Alarmed that the global problems, traders are virtually disregarded makrostatistiku on the euro area, where the composite index of confidence in the economy rose to 95.7 points against the expected 92.3 points. In addition, the number of unemployed in Germany in January grew by 6 thousand, and is expected to increase by 15 thousand Why is not the real figures? And the representative of the European Central Bank Tumpel-Gugerell said today that the situation in the economic system of the euro area has improved slightly, and now need to start curtailing temporary support measures.

However, traders are more concerned about the prospects and plans, rather than the current situation.

under the weight of all the above-described single currency may well again grope minima at 1.3880 and then 1.3830. However, it is worth remembering that the previous approach to minimizing the currency to rise culminated 1.4688 - certainly not immediately.

Well today EUR continues to move steadily downward. We assume that today”s trading, the euro /dollar at Forex completed in the corridor of 1.3880-1.4120.

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