After a very sharp rise in the dollar foreign exchange market begins to rebound. Friday, August 13, started correction pair euro / dollar after four sessions of the fall of the euro, for which he dropped to 500 points. In general, the opportunity to start technical correction.
On Friday, one euro was worth 1,285 dollars, and, apparently, the correction will continue. There is only a matter of how long. Players will win back all 500 points back, or be limited to only 250 points? No simple answers. However, most likely, the euro went to a local maximum. Perhaps the players will form a reversal pattern "double top", which takes the remaining time before the end of August, and already then, in September, will begin aggressive sales of the single currency. However, it should be noted that the current wave of decline of the euro at any time to be reactivated because the target level - local uptrend line - was not achieved.
Several weaker and the yen it was trading at around 86 yen to the dollar. Apparently, players will take a small break in buying the Japanese currency.
Forex market started corrective movement. However, their stability is a big question. Any negative statistics from the U.S. is able to re-strengthen the dollar, as it may seem. And if the bad by statistical data will be released in Europe or Japan, the flight to the dollar to take mass character. Thus, in any case, we are expected to rise U.S. currency.
