10.07.2015 - The price of euro will continue to rise today

The price of euro has broken through the resistance level at 1.1080 and the upper boundary the downward channel. At the moment, the price continues to grow strongly and according to our estimates will approach the mark of 1.1250 in the near future. Despite the current upward momentum, we expect the resumption of downward movement of the price in the near future and maintain the medium-term negative outlook with the objectives at 1.1000, 1.0900 and 1.0800.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.