06.03.2014 - Today we expect a strong movement of the euro

The price of EUR/USD continues to consolidate around the level of 1.3730. Growth is limited by sloping resistance level. Support is at 1.37. Traders expect a press conference of the head of the ECB, Mario Draghi on which will be announced further plans of the central bank's monetary policy. A signal to sell will be fixing the price below 1.37. In case of breaking through sloping resistance line, the quotes probably will reach 1.3810. We maintain long term negative outlook for the euro.

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