01.03.2016 - The fall of the euro will continue in the coming weeks

The price of euro shows a decline during which was able to overcome the level of 1.0900, and continues to decrease gradually along the bottom boundary of the local descending channel. In the near future, the price is very likely to reach an important level of 1.0800 and then may correct upwards. Overcoming this support will be the basis for the further drop in prices till 1.0700 and 1.0550. We forecast a drop In the near future and expect a decline in the medium term.

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