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Latest News 26-01-2016 by FXFINPRO Capital


25.01.2016 - The euro will probably continue to decline

Price of euro after breaking the inclined support line showed a strong increase in volatility, but as the result fixed below 1.0900 and continued to fall. At the moment, price broke through the support at 1.0800, and according to our estimates, with a high probability will continue decline with the first targets at 1.0700 and 1.0550. In case of correction, the price will rise to 1,0850-1,0900. We maintain a medium-term negative outlook, and recommend accumulating short positions.


Forex and CFD

25.01.2016 - Technical view

Currencies trading and euro. The price of EUR/USD after breaking and fixing the price below the inclined support line, quotations continued to decline and have reached the level of 1.0800. In case of the continuation of the negative dynamics, the nearest target levels will be 1.0700 and 1.0550. Within the correction, quotations may grow to 1,0850-1,0900. We expect a continuation of negative price movements and maintain the medium-term negative outlook.

Nearest resistance levels: 1.0900, 1,0985, 1.1050, 1.1080, 1.1200, 1.1350, 1.1450

Nearest support levels: 1.0800, 1.0700, 1.0550, 1.0500, 1.0450, 1.0200



Currencies trading and British pound. The price of GBP/USD after the rebound from the level of 1.4100, started...


25.01.2016 - The US dollar rose against the euro and yen

Currency trading and the euro. The price of euro continued to decline against the background of hints of the ECB President Mario Draghi on the possible easing of monetary policy in the euro area after the meeting in March. Low oil prices have a negative impact on inflation. In addition, investor sentiment deteriorated due to the instability in the financial markets. Despite the decrease in the likelihood of further increases in interest rates of the Fed in March, the divergence in monetary policy of the Fed and the ECB will continue to put pressure on the price of the euro. Our medium-term outlook remains negative and we recommend accumulating short positions.



Currency trading and the British pound. The price of the British pound strengthened last week against the background of correction...


Experts' opinion

25.01.2016 - We forecast the growth of USD/JPY


Rise in oil prices after a strong decline and restoration of positions on world stock markets led to a decline in demand for defensive assets, which have led to a drop in the price of the Japanese yen. In addition, the negative trend was intensified by speculation regarding a possible strengthening of measures to support the growth of inflation in the country. According to our forecasts, the USD/JPY recovery will continue in the near future and medium term, with the immediate objectives at 120.20, 121.50 and 122.30. We recommend accumulating long positions on the pair.



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