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.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.