04.05.2015 - We expect a decline of the euro

The price of euro after reaching the resistance level at 1.1280 has started to correct downwards and after some consolidation near the level of 1.1200, continued to decline. In the near future the price is likely to fall to the lower boundary of the rising channel and reach the support at 1.1050. Fixing the prices below this level will be the basis for opening short positions with the targets at 1,0900, 1.0700 and 1.0500. A possible rise in the euro is limited by the resistance level at 1.1280. We maintain a medium-term negative outlook and expect continuation of falling the price of the euro soon.

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.