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03.06.2015 - The euro is likely to fall to 1.1000 in the near future

The price of euro after breaking through the upper boundary of the descending channel shown steady growth and has overcome the local maximum at 1.1000, which was the basis for the continuation of the upward movement. As a result, quotations reached a strong resistance level at 1.1200, but after several failed attempts began to decline. In the near future the price is likely to fall further to 1.1000. In case of renewed growth, the price can rise to 1,1450-1,1500, but breaking through these levels is unlikely. Our medium-term outlook remains negative and we expect the price decline to the levels of 1.0700 and 1.0550.

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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.
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The CIF license of PFX Financial Professionals Ltd has been suspended by the Cyprus Securities and Exchange Commission until the 24th of December 2016. Please click here
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