04.08.2016 - Price of euro has resumed fall

The price of euro failed to overcome the inclined resistance line and to gain a foothold above 1.1200. As a result, we have seen decline in quotations within the correction after overcoming the level of 1.1150, closest targets are at 1.1050 and 1.0985. Fixation above 1.1200 will be a signal for continued growth with the target at 1.1400. Our medium-term outlook remains negative and we expect a continuation of negative dynamics of prices in the near future.

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