07.12.2015 - Price of euro is corrected after a strong growth of the last week

Price of euro after strong growth in the previous days, began to correct downwards and approached to the level of 1.0800. After overcoming it, we expect a further decline to 1.0700 and 1.0550. In the near future there is a possibility of price rebound from this level, but growth is limited by an important level of 1.0900. We recommend accumulating short positions and maintain the medium-term negative outlook with reduction potential to 1.0200 and 1.0000.

October 16 of USD Performance

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