11.12.2014 - The price of Euro is trying to change the trend

The price of euro after breaking through the upper boundary of the local descending channel reached 1.2500, but could not overcome it. At the moment quotations, are trying to gain a foothold above 1.2550. In case of success, and overcoming the level of 1.2550, we recommend to open long positions with the objectives 1.2825 and 1.3000. Despite this, our medium-term outlook remains negative and we recommend holding short positions with the objectives 1.2200 and 1.2000.

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