Forexpamm

Euro can compensate for part of the lost positions

Events, which should be paid attention to today:

is not expected to be important macroeconomic statistics.

EURUSD:

US Department of Finance cheated the dollar bulls the day before, when he held a number of auctions for the placement of treasury bonds in the amount of $ 99 billion. More than such large -scale auctions this week will not expected, which will have a positive effect on the dynamics of dollar liquidity in the financial system. In the middle of the next week, the US and the Federal Reserve Branch will conduct its operations The reduction in liquidity, which can also have a beneficial effect on the value of the American currency. Today, the European currency can compensate for the part of the lost positions, since the Federal Service for the Fed still signals a slowdown in the growth rate of interest rates in the United States. At a meeting on December 14, the market is waiting for an increase in the Fed’s rate by 0.5%, and at a meeting on February 1 by 0.25%.

Trade recommendation: Buy 1.0450/1.0415 and Take Profit 1.0510.