Any attempt to consolidate the European currency above $ 1.4 dollars / euros not find understanding in the foreign exchange market. Wavelets "bull" activity immediately extinguished, and a pair of quotes are returned in a familiar range of 1,39-1,4 dollars / euros. If the game does not go up, then sooner or later it will go down.
"We have already seen a slight rise in rates UST-10. A couple of euro / dollar is kept at levels 1,39-1,4 dollars / euros. Many traders believe this is a traditional point spread - says CNBC Senior Analyst Optionsxpress Joseph Cusick. - Now may occur significant correction, after which the couple will move into the range 1,2-1,14 dollars / euros. In this case, uncertainty again hit the mood of investors and the market becomes very volatile, despite the positive expectations of the quantitative easing and the forthcoming elections to the Congress. "
Thus, many experts have reasonably believed that the dollar could begin to strengthen. In this case, all the expected quantitative easing is already incorporated in the current quotes - markets just waiting for the signal. Most likely, the Fed surprised the players of his miserliness, and this will be an excellent opportunity to play in the reduction of risky currencies against the dollar.
