12.08.2014 - Euro is approaching to the local minimum

The price of euro continues to decline after an unsuccessful attempt to reach and break the resistance level of 1.3440. In the near future, the price will reach 1.3350 and then may continue to decline to 1.3300 and 1.3200. Growth is limited by the resistance level at 1.3440. We recommend holding short positions on the euro with the medium-term targets at 1.3200 and 1.2800 and stop above 1.3450.

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