05.04.2016 - Euro may change the local trend to the negative

Price of euro started to correct down after some consolidation below 1.1400. In case of further decline, quotes will reach the ascending channel's lower border and then negative trend may continue until 1.1200. The growth of quotations in the near future is limited by the psychologically important level of 1.1500. The potential for further growth declined and we expect price reduction in the medium term, but it is recommended to wait for the signal for the opening short positions with a stop above 1.1400.

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