13.03.2015 - The price of euro resumed its fall after a minor correction

The price of EUR/USD continues to decline within the descending channel after showed a minor correction and rebounded from 1.0500. In case of an upward movement, quotations may reach the level of 1.0900. According to our forecasts the euro will continue to fall in price in the near future and in the medium term with the potential of reaching the level of 1.0000. Quotes growth is possible only within the correction. We recommend holding short positions with a stop above 1.0900 and target at 1.0000.

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