08.04.2015 - Euro may rise in the coming days

The price of EUR/USD is consolidated within the triangle and at the moment it rebounded from the bottom border and the support level at 1.0800. This fact is the basis for opening of short-term long positions with a stop below 1.0800 and objectives in the range 1,1000-1,1050. In case of breaking through the support at 1.0800 and the price fixing below this mark, we recommend to open short positions with the potential to reduction to 1.0700 and 1.0500. Our medium-term outlook remains negative with a target at 1.0000.

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