10.10.2016 - ​We expect a further decline of the euro to 1.1050

Price of euro showed a sharp rebound on Friday and has returned to the important level of 1.1200, but failed to continue its upward movement and at the moment shows strong downward impulse. In case of continued negative dynamics, the closest targets will be 1.1050, 1.0985 and 1.0850. The growth in the near future is limited by the levels of 1,1200-1,1260. Our medium-term outlook remains negative and the probability of falling prices is high in the near future.

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