At the auction on Monday, The situation is clearly not in favor of the dollar. In the U.S., were published by the weak economic reports that have demonstrated, for the third consecutive month, a slowdown in the manufacturing sector. In addition, the decreased demand of international investors in the U.S. long-term assets. Meanwhile, the positive news from Europe supported the thrust of markets to trade with risky high-yielding currencies, including - with the euro. As it became known, the European Bank, last week, bought bonds troubled Eurozone countries in the amount of 22 billion euros, while investors have assumed - no more than 12 billion In addition, the market looked forward, scheduled for today, meeting Heads of France and Germany, whose aim is to discuss measures to improve economic governance Eurozone. Investors are hoping that this meeting will take specific decisions and, in particular, the leaders will announce the launch of Eurobond, which may give the European currency strong upward momentum. In these circumstances, the dollar weakened sharply against the euro. Top U.S. trading, the euro / dollar, completing the rally from the lows of Asian and European sessions - 1.4264, reached the upper limit of 2-month range, recording a high of 1.4475. In our forecast for Tuesday, assume - reducing the single European currency, initially, to a price level of 1.4388, and in case of breakdown, continued to decline target levels: 1.4342, 1.4315 and 1.4281. An alternative scenario and the resumption of the upward movement of the couple would be possible only for securing the pair - above the level of 1.4475. The objectives of expansion, in this case would be 1.4535 and 1.4577 levels.
