The euro continues to decline - Ester Holdings

The euro continues to decline

The single currency accelerated the decline on the negative opening of trading in Europe. The sale of the single currency is caused by the political risks in Italy and Spain, which significantly destabilize the situation in the euro area. As a result, European stock exchanges are traded significantly below zero (DAX -1.50, FTSE 100 -0.90, Euro Stoxx 50 -2.00). And the yield of Treasury securities of Italy is traded at the level of 2014, after the rapid growth today.

The dollar index on the weakness of the euro once again managed to update the high of the year at around 94.70, which in the long term opens the way to psychology at 95.00.

Fig. 1. Graph of the US dollar index. Current price – 94.70

The EUR/USD remains under pressure, but is limited to the level of 1.1550, the low of November 2017. From this level in conditions of oversold the retaliation is possible.

Fig. 2. EUR/USD. Current price – 1.1570

Also, read: “MAIN FIGURES FOR EARNINGS ON FINANCIAL MARKETS!”

Hanzenko Anton

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