Downward trend in the euro continues

The single European currency remains under pressure, and the prospects for further development of the situation seem unenviable, given the technical signals and disposition investors use to sell the pair the slightest attempt to rise above. Dealers noted that the sellers are still visible modeling foundations and macro-accounts, and remains the dominant risk a further decline, with the euro in the coming days, they said, could test the strength levels of $ 1.35 / $ 1.34. Stephen Jen (former managing director of Morgan Stanley), managing partner of SLJ Macro Partners, meanwhile, believes that in a little over the long term (several weeks) the euro threatens to be around $ 1.30. He drew attention to the fact that the debt problems of the eurozone start to a very negative impact on the state of the European banking sector, and if the banks will have to do revaluation of assets at market prices, many of them will have to admit indigent