FOREX TODAY- Dollar stability set to impact on forex market today

The USD stability is set to continue today as a forex trader. In the meantime, it would be a move for investors to open some important positions as they can take advantage of the market of main news events. Key economic data releases from the leading economic should also be a critical inspiration for all the traders and investors today.

ECONOMIC NEWS

The U.S currency sustained to fall against the EUR yesterday, falling 1% to as low as 1.3950. It also dropped to its lower in this year against many of other currency pairs as fears about growth of US deficits soured investors on US assets. The dollar fell every day in this week against the EUR and pound spurious, and it marked its third straight daily falling against the Japanese yen.

EUR/USD

The pair has been experiencing some very optimistic behavior in past week; it is at present stands between the 1.3900-1.3950 levels. The main oscillators of the daily chart are a sign of this trend may continue to the near future. All this indicating that it is a bearish correction may be imminent.