10.10.2014 - Correction of euro ended yesterday
The price of euro after leaving the descending channel has grown to the level of 1.2800 , but was not able to overcome it and resumed the downward movement along the upper boundary of the descending channel. Growth is limited by the resistance levels at 1.2800 and 1.3000. We expect continuation of falling the price in the near future and maintain a medium-term negative forecast. We also recommend to keep short positions with a stop above 1.2925 and target levels near 1.2500 and 1.2200.