In the Forex market continues the trend took off in early August. Players continue to buy dollar. Moreover, the pressure on the euro starts to grow with the opening of new short positions. This is nothing fundamentally new in the markets does not happen. On the contrary, the situation can be characterized as an information vacuum.
Statistics - as the U.S. and the eurozone on - is of increasing wariness of investors in connection with the slowdown in the recovery of world economic growth. However, this is not news - this fact is known to players since May. At the same time, market players wish to buy the dollar looms ever more clearly. This means that the players are preparing for significant downward movement of pair euro / dollar down, which is usually the result of large-scale macroeconomic shocks.
At 9:00 Moscow time on Tuesday, 24 August, the dollar is worth 1,264 euros and trading is a local minimum. From a technical point of view, perhaps the beginning of the correction pairs of mark 1,26 dollars / euros, while probably the nearest to perform the level of quotations 1,24 dollars / euros.
Do not forget that in this situation the Chinese central bank leaves the dollar zone, thus playing against the majority of investors. That is, market participants can manage "squandered" the euro, even against the background of large-scale sale of U.S. authorities in the PRC. All this testifies to the power of fear that has engulfed the players. And the expectations of economic collapse to give rise to these collapses. It remains only to wait, where the "shot" at this time.
