State of the market
The main currency pairs continue to keep the dynamics of the beginning of the day, remaining under the pressure of the US currency or restrainedly being corrected in flat near the opening of the day. Additional support for the US dollar is provided by a significant strengthening of the world stock indices.
The euro index remains to trade near the level of 93.50, the low of September, against the main basket of world currencies. Further decline in the index will be limited to minimum of the August at 93.30. The 93.30 mark is a significant support and fixing the price below this level will indicate the possibility of further decline and the refraction of the existing long-term upward trend in the euro.
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Hanzenko Anton