06, November 2013

EUR/USD (a 4-hour chart)

EUR/USD (a 4-hour chart)

This week beginning was marked by a slight decline of dollar. The dollar technical correction is overdue, coupled with the positive news from Europe and the UK the euro and the pound quotes could grow to a level 1.3523 and 1.5977, respectively.

"Bulls" for dollar/yen has postponed the attack at 99.00, the pair is being traded in a fairly narrow range. The world's leading stock markets started the new trading week with a modest growth. The U.S. S & P500 index has suspended its growth and for 4 days in a row does not update the maximum value.

We do not expect changes in the market activity, investors wait for important events and trading is in fix price ranges.