02.06.2016 - The euro may resume the fall after the recent correction

Price of euro within upward correction has reached an important level of 1.1200 and in case of its overcoming will continue an upward momentum to 1.1400. On the other hand, there is a high probability of resumption of the negative dynamics to the local maximum at 1.1100, after which reduction may continue until 1.1050, 1.0985 and 1.0850. We maintain our medium-term negative outlook for the euro, but do not exclude the correction in the nearest future.

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