Quotes of the euro dollar pair in the forex trading on Tuesday fell to a week low as a result of the general strengthening of the dollar. The dollar had the representative of the Federal Reserve Williams, who said that the economy is in good condition and the level of employment is at a peak. Williams expects further tightening of monetary policy over the next year. Today presented data on inflation in the euro zone were better than predicted values. The producer price index increased by 0.8% in October, while in annual terms - by 4.9% with growth forecast at 0.5% and 4.5%, respectively.
EURUSD Technical Analysis and Forecast Today: Sellers of European currency once again tried to test the mark 1.1300, but failed, and the EURUSD again trading close. Today, probably bears can take the assault support, with the successful developments the euro may decline to continue to 1.1270 and further to 1.2750. If the EURUSD buyers will be able to stem the tide, and to gain a foothold above $ 1.1360 likely growth of quotations to 1.1400.