13.10.2015 - Euro tomorrow will show a strong price movement

The price of euro continues to grow after a minor correction within the local rising channel. At the moment, the price got closer to the mark of 1.1400 and fixing above it will confirm the buy signal with the target at 1,620. In case of correction, quotations may return to the lower boundary of the channel and the medium-term support level at 1.1200. Our medium-term outlook remains negative, but positive dynamics may continue in the near future. Rising volatility is forecasted tomorrow after data on retail sales and consumer price inflation in the United States.

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