05.02.2016 - Price of euro stabilized after strong growth

Price of euro has shown a sharp increase over the previous few days and reached a strong resistance level at 1.1200. Currently quotations are consolidated around this mark, and in case of fixing above it, ascending dynamics can continue to 1.1400. On the other hand, after a strong growth quotations may correct down. In this case, the closest target levels will be 1,1050-1,1100. We maintain our medium-term negative outlook and expect strong price movement today.

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