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13.05.2016 - THE PROBABILITY OF THE EURO DECLINE HAS INCREASED

Price of euro after attempts to resume the growth and to overcome the important resistance level at 1.1400, reached the upper limit of the downward channel and resumed decline in its frames. In case of correction, quotations may return to the upper boundary of the channel and the level of 1.1400. According to our estimates, in the near future there is a high probability of continuation of negative dynamics to the next targets at 1.1200 and 1.1050.Our medium-term outlook also remains negative.

Source: https://fxfinpro.com

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