08.08.2016 - The euro will probably continue to decline after some consolidation
Price of euro demonstrated the decrease after a while consolidated around the level of 1.1150. In the near future negative dynamics is likely to continue with nearest objectives at 1.0985 and 1.0850. Within the correction, quotations may rise to 1.1200 and the inclined resistance line. Our medium-term outlook remains negative and we expect negative dynamics in the near future.