Yen on the daily chart after securing a Fibonacci correctional level of 50.0% - 80.09 dropped to the level of correction of 61.8% - 79.13 and attempt to rebound from this level.

On the daily chart the new divergences not, after fixing a correction level 38.2% Fib - 1.5964 rate fell to correctional Fibo 50.0% level - 1.5852.

The inflation data for October showed growth above expectations. The consumer price index increased by 2.7% vs. 2.3%, consumer prices rose by 3.2% vs. 2.9%.

Released yesterday index business sentiment in Germany ZEW and worse than expected eurozone did not have any noticeable impact on the euro, despite the fall in the German index DAX at the moment 1.32%.

Yen on the daily chart after securing a Fibonacci correctional level of 50.0% - 80.09 dropped to the level of correction of 61.8% - 79.13.

On the daily chart the new divergences Not, a drop in prices after the consolidation below the 38.2% correction at FIBO - 1.5964 towards Fibonacci correctional level of 50.0% - 1.5852.

On Monday, the British pound has lost about 30 points to 4 points on the euro because of the negative outlook expressed in the Social Market Foundation study (SMF); government will have to cut spending and raise taxes on the total amount of 48 billion pounds.

At the last meeting of the Eurogroup on Monday the issue of Greece was not considered, but chairman Jean-Claude Juncker said that the next tranche of aid will be agreed upon "as soon as possible."

On the daily chart no new divergences, on Friday the pair finally managed to consolidate below the 38.2% correction at FIBO - 1.5964.

On the daily chart no new divergences, on Friday the pair finally managed to consolidate below the 38.2% correction at FIBO - 1.5964.