Forex Trading : The euro fell against the dollar witnessed during the morning trading session of Friday and after that he was able to rise during yesterday's session of the lowest levels in 12 years, taking advantage of the weak dollar, but it looks like the euro late can continue to rise in a loss of support in the market.
Euro's rise yesterday was the result of a weak dollar after retail sales data from the US economy, which showed a decline for the third consecutive month in a slow down domestic spending by consumers, which would serve to delay the Fed's decision on raising interest rates, which contributed a big push in the dollar to decline against the euro and major currencies.
At exactly 07:50 GMT, the euro / dollar pair traded at the level of 1.0596 after hitting its lowest level during the Asian session at 1.0564, this pair has soared yesterday to its highest level at 1.0684.
The euro has support in the currency markets and rising yesterday is a slight correction after a series of landing and reached six consecutive sessions was the European currency's gains since 2003.
The ECB continues to buy government bonds in the known quantitative easing policy, and was the beginning of this week, where he is scheduled to ECB will continue to buy government bonds by 60 billion euros a month until September / September 2016 a total of 1.1 trillion euros, which is the sponsor of weakening European currency Consolidated due to an increase in money supply which is huge in the financial markets.