07.01.2016 - Price of euro recovered earlier lost positions

The price euro showed strong growth within the correction after failed to overcome the level of 1.0700. As a result, of the growth quotations came close to the upper boundary of the local descending channel. In case of breaking and overcoming the level of 1.0900, quotes will continue to rise to 1,0985-1,1000. A more likely scenario is the resumption of the negative dynamics of price with the objectives at 1.0700 and 1.0500. We recommend accumulating short positions and maintain the medium-term negative outlook.

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