12.09.2014 - Volatility of the euro will rise in the near future

The price of euro continues to consolidate around the level of 1.2950. It is worth noting the decrease in the amplitude of price fluctuations, which indicates a high probability of a strong movement of price in the near future. Fall is limited by the level 1.2860, but we expect the break through this level and reaching the target level of 1.2800. Change of the trend is possible after fixing the price above 1.3160. We maintain our negative outlook for the medium-term and see no reason for changing the trend to positive.

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