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05.05.2014 - We expect the correction of euro

The price of euro after a strong increase in volatility on Friday has reached the level of 1.3880, but failed to gain a foothold above it and began to correct downwards. The reason for the increased volatility has become positive statistics on the U.S. labor market, which has led to the strengthening of the dollar, and then the news on clashes in Ukraine has raised the price of euro again. For the continued growth, the price needs to gain a foothold above the mark of 1.3900. We expect continued downward movement with the targets near 1,3820 and 1,3800 and keep long-term and a negative outlook for the euro.

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RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.
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The CIF license of PFX Financial Professionals Ltd has been suspended by the Cyprus Securities and Exchange Commission until the 24th of December 2016. Please click here
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