The Euro opened the new trading week with a dynamic downward movement against the U.S. dollar and fell back to the day's low of $ 1.3163. From the market point of view and based on the daily charts, first a series of internal rods down was dissolved before the movement phase of the downward trend will now continue. Yesterday's trading maneuvered the currency pair in the immediate vicinity of the market-relevant movement lows of 04.10. at $ 1.3145, and barely missed the direct test. If the exchanges during the rest are traded this low, confirming the downward trend again and prices will probably continue yielding. In sub-H4 chart, this scenario was already evident last Monday, when prices move below the low of 25.11. fell to $ 1.3212 and thus confirmed the first secondary downtrend. Impetus for today's trading and increased volatility are possible with the following industry events:
11:00 DE ZEW economic expectations in December
11:00 EU Commission economic forecasts
14:30 U.S. November retail sales
16:00 U.S. stocks in October
20:15 U.S. FOMC interest rate decision and meeting results

EURUSD 12/13/2011 - daily

EURUSD 12/13/2011 - H4

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