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.