07.09.2015 - The euro is consolidating within a narrow corridor

The price of euro is showing a low level of volatility due to the holiday in the US. It is worth noting that quotes at the moment are about the upper limit of the local downward channel, and if it will overcome the and fix above 1.1200, we expect a further increase to 1.1400. At the same time it is worth noting the high probability of resumption of the downward movement of prices within the downtrend until the next targets at 1.1000 and 1.0900. We maintain a medium-term negative outlook for the euro.

July 27 of USD Performance

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