08.05.2015 - The volatility of the euro today will grow

The price of euro dropped to 1.1200 and the lower boundary of the rising channel. In the near future quotations may rebound upwards and grow up to the nearest local maximum near 1.1400 and the psychologically important level of 1.1500. The signal for the opening short position will be fixing the price below 1.1100. The volatility of prices is increased in connection with the release of important macroeconomic data on the labor market in America. According to our estimates, the euro is unreasonably high, and we expect the resumption of the downward movement of prices in the near future. Our medium-term outlook remains negative.

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