13.08.2014 - The price of euro could not continue an upward correction
The price of euro after yesterday's upward rebound again reached the level of 1.3350. In the case of penetration and consolidation below this mark, we recommend increasing the amount of short positions on the euro. The target levels in case of reduction will be 1.3200, 1.3160 and 1.3100. Correction is possible to 1,3440. Stop should be set above the level of 1.3450. We recommend holding short positions and maintain a medium-term negative outlook with the target of 1.28.