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22.03.2016 - PRICE OF EURO REACHED AN IMPORTANT SUPPORT AT 1.1200

The price of euro today reached a level of 1.1200 and the bottom of the channel and at the moment is above these levels. Fixing the price below given marks will be a signal to sell with the first targets at 1.1050, 1.0985 and 1.0850. On the other hand, in case of the rebound from the bottom of the channel, quotes will return to the level of 1.1350. Our medium-term outlook remains negative and we expect a price decline in the near future.

Source: https://fxfinpro.com

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