The lack of negative news from Europe has been successfully compensated by the rating agency Fitch, which under the curtain of the European session reduced the long-term credit rating of Spain's foreign and local currency AA + to AA-, while maintaining the negative outlook and revised its rating from AA-Italy to A + (also with a negative outlook) and lowered its short-term rating of F1 + to F1. As a result, the bulls, aiming to continue the offensive against the reduction of shorts before the weekend, were forced to retreat, and now the euro / dollar stays near $ 1.3397, continuing to feel the pressure. Bids close to $ 1.3380 a pair allowed to stabilize, but the tone is negative, and dealers say that the market reaction to the news shows that investors continue to react badly to what is happening in Europe. In their view, the possibility of upward correction in the short term remains, but it is unlikely to be significant and should be used to search for opportunities for the resumption of sales, given a favorable technical picture for the Bears, and the fact that the negative scenario in Europe is looking increasingly probable in the eyes of investors.
