The euro ended the past week with a dynamic downward movement against the U.S. dollar and triggered by daily closing price on Friday, finally, a series of internal bars on the low end as the trade from below the rank of the outer rod 06.01. ended. This could initially be interpreted as a signal for further declines in prices, bringing the market from a technical perspective and based on the daily charts, the movement phase of the downward trend will continue. Also, the child learns H4 chart, with rates below the recent lows initially move a reaffirmation of the downtrend. The very advanced stage of the overall movement time units can be expected but also a long overdue correction, and shows the current price in the vicinity of potential support in the range of $ 1.26. Impetus for the further price development and increased volatility are possible today with the following economic and speech events:
08:00 U.S. wholesale prices in December
08:00 DE Manuf employees. November trade
19:00 EU ECB's Draghi says President

EURUSD 01/16/2012 - daily

EURUSD 01/16/2012 - weekly

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