02.12.2015 - Price of euro resumed its decline after correction

The price of euro after the recent slight correction to the sloping resistance line, resumed the fall and may soon reach the local minimum at 1.0550. Overcoming this level will become the basis for a further drop in prices up to 1.0500, 1.0450 and 1.0200. On the other hand, overcoming the inclined resistance line will cause growth to continue to 1.0700 and 1.0800. We expect a strong increase in volatility tomorrow and maintain our medium-term negative outlook.

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.