04.11.2015 - Price of euro according to our forecasts will continue to fall this week
Price of euro continues to decline after the upward correction and has overcome the support level at 1.1000. Currently quotes approached the support level at 1.0900, which is a local minimum, and its penetration will lead to further price drop to 1.0800 and 1.0700. Growth is limited by the boundaries of the channel and a local maximum near 1.1050. We are waiting for further reduction in prices this week and maintain the medium-term negative outlook.