The euro stood observed in the last week of aggressive growth. Monday, August 9, began reducing the single currency against the dollar, but it was negligible. This correction to the growth began on Tuesday - for the morning Asian session on August 10 euro has lost almost a figure, and, apparently, this player will not rest.
At the same time talk about the turn of the European currency is still early. To begin full-scale need to reduce the formation of reversal pattern "double top" or "head and shoulders. This weakening of the euro is not a cardinal change of the macroeconomic background. Statistics from Europe still looks stronger than the American. However, the debt of the euro area are still being felt. At 9:00 Moscow time on Tuesday, one euro was worth U.S. $ 1,324
Reducing currency of the Old World comes amid strengthening dollar. This last is growing not only against the euro, but the pound sterling and the yen. All this testifies to the turn, and that the players begin to doubt the feasibility of flight from the dollar zone. Of course, in the near future we can expect rising conflict in the currency market, but the seed sown in the correction of fertile soil.
