12.01.2016 - Quotes of the euro continued to decline
Price of euro corrected down after failed to gain a foothold above the local level of resistance at 1.0940. At the moment, the price is reduced along the upper boundary of descending channel, which has left earlier. The next upside target level in case of decrease will be at 1.0800 and then quotations may fall to 1.0700. Our medium-term outlook for the euro remains negative and we are waiting for further decline in the near future.