01.06.2015 - We with a high probability predict the fall of the euro
The price of euro after the correction within the descending channel has reached the psychologically important level of 1.1000, and the upper limit of the downward channel, but could not continue to grow. Currently quotes reduced and in the near future is likely to reach a local minimum at 1.0830, then we expect a further fall of price to 1.0700 and 1.0550. It is worth noting high probability of increased volatility in the case of growth of speculation on the Greek crisis. Our medium-term outlook remains negative and we recommend holding short positions.