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.