Euro Keeps Moving Down

The beginning of a new week promises to be full of financial events. The market came to life after the holidays and keeps being busy. An overview of the fundamental background will be made and based on this, ideas will be built or fixed.

One of the incidents over the past week was a plane crash over Iran. This event caused a small crisis in the country and increased general unrest. It does not have a significant impact on the global economy, although the United States and Iran, as well as Ukraine, are involved in the conflict.

However, significant changes in the stock markets do not occur. When the conflict escalates, gold and oil often rise. But now everything is going smoothly and there are no similar changes in prices.

Quotes did not move much compared to Friday's positions.

The European currency is quite stable. We saw the update of the lows and saw a slight initiative up. The main idea for the Euro instrument is based on the fact that it continues to press down on the position of the currency.

By indicators, you can see that market orders prevail over sales, it is likely that there may be a false breakdown.