12.08.2015 - Euro shows the steady growth
The price of euro continues to show strong growth after breaking through the upper boundary of the descending channel, and in the near future is likely to reach the important level of 1.1200. Breaking through this mark, and continued growth is unlikely in the near future, but in case of such a situation, quotations will get the basis for the continuation of the upward movement of the price to the level of 1.1400. In case of price correction after the strong movement, quotes will return to the level of 1.1080. We maintain a medium-term negative outlook.