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06.05.2016 - THE EURO REBOUNDED FROM THE LEVEL OF 1.1400

Price of euro fell yesterday and broke through the inclined support line. As a result, quotations reached a level of 1.1400 and consolidation below it will be a signal to sell with targets at 1.1200 and 1.1050. In case of rebound, quotations may return to the level of 1.1500.We maintain our medium-term negative outlook, but do not exclude the rise in share price in the near future.

Source: https://fxfinpro.com

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