02.05.2014 - Traders are waiting for the signal on euro
The price of EUR/USD is trying to gain a foothold above 1.3850. In case of success, the closest target will be the level 1.3900. In case of further decrease, the price can reach the support at 1.3790. Today, we expect increased volatility due to the release of data on the labor market in the Eurozone (09:00 GMT) and the USA (12:30 GMT). On Monday, the increase in activity is possible in connection with the release of the report on consumer price inflation in the euro area. At the moment there is a high probability of continuation of growth to 1.3900. Despite this, we maintain a long-term negative outlook for the euro.