05.01.2014 - The price of Euro reached the target level and will continue to fall

The price of euro continued to decline after it stabilized above the level of 1.1900. The reason for the sharp drop in prices became active actions speculations about the ECB regarding the purchase of assets, as well as the political crisis in Greece. In case of correction, quotations may reach the level of 1.2000. We recommend holding short positions with a stop above 1.2250 and the target levels 1.1800 and 1.1500. The medium-term view also remains negative.

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