03.07.2014 - The price of euro rebounded from the support

The price of euro fell sharply yesterday after the release of data on the growth of new jobs in the private sector of the U.S. for 281 thousand, against the forecast of 207 thousand. As a result, the price reached the bottom line of the rising channel and the level of 1.3650. At the moment there is a high probability of rebound the price within channel to the mark near 1.3700. Stop is worth to be put below 1.3640. We maintain a medium-term negative outlook for the euro with the targets at 1.3500 and 1.3400.

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.