04.03.2016 - Price of euro resumed its fall

Price of euro declines today after some consolidation below 1.0985 following which resumed negative dynamics. In case of renewed growth and consolidation above the level of 1.0985, quotes continue to rise to 1.1050 and 1.1200. More likely in our view is the resumption of the negative dynamics of the euro price with the objectives at 1.0800 and 1.0700. Our medium-term outlook remains negative.

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