The European currency in the Forex Exchange trading on Monday fell to a minimum of one and a half months. Italy's budget deficit, which exceeds the limit set by the EU fiscal rules, once again continued to put pressure on the euro. He added the negative and increase the demand for safe-haven assets amid falling stock market in China, providing support to the US currency.
On Monday, the euro zone Sentix investor confidence indicator was introduced, which came out worse than expected. In October, the index fell to 11.4 while the forecasted value of 11.7. Out data on industrial production in Germany. In August output decreased by 0.3% with growth forecast at 0.4%.
Technical analysis of the euro and the EURUSD forecast, the euro tried to be close to the mark of 1.1440, a breakdown of support will allow sellers EURUSD possibility of movement to the target 1.1365. If EURUSD buyers will be able to return to the 1.1530 price may continue growing to 1.1570.
Based on materials WELTRADE