07.07.2015 - We expect a further decline of the euro
The price of euro continues to decline after breaking through the level of 1.1000. According to our forecasts, in the near future quotes will reach the level of 1.0900, after overcoming of which will continue to decline to the target levels at 1.0700 and 1.0500. The growth is possible only within the correction to the level of 1.1080 and the inclined resistance line. We maintain a medium-term negative outlook and recommend holding short positions with a stop above 1.1250 and objectives at 1.0700 and 1,0500.