06.06.2016 - Price of euro stabilized after strong growth

Price of euro has shown strong growth during which was able to overcome the important level of 1.1200. As a result, quotes reached resistance at 1.1370 and in case of continued growth, the nearest targets will be 1.1500 and 1.1620. On the other hand, after a strong increase in price, there is a possibility of price correction as a result of which the price may return to the level of 1.1200. Despite the recent growth and the possibility of further increase, we expect the price to drop in the medium term.

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