11.02.2016 - The quotes of euro can be corrected in the near future

The price of euro yesterday after a strong growth, stabilized around the level of 1.1300, and are trying to fix above this level. If successful, the growth of quotations will continue to 1.1400. At the moment, there is a high probability of a downward correction, but a signal of change in the local rising trend will be price fixing below 1.1200. The target level in this case will be 1.1050 and 1.0985. We maintain our medium-term negative outlook, despite the possible continuation of growth in the near future and look forward to the sell signal.

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