01.07.2016 - The euro may rise in the near future

Price of euro continued growth within the local rising channel after has overcome the level of 1.1050. In the near future the growth of quotations may continue until the level of 1.1200, and its overcoming will be the basis for further growth of quotations to 1.1410. The fall in the near future is limited by the level of support at 1.1050 and the lower boundary of the local ascending channel. According to our forecast the growth of euro may continue in the near future, but the medium-term outlook remains negative.

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