14.05.2015 - The euro is likely to continue to rise to 1.1500

The price of euro continues to rise along the lower boundary of the rising channel after has overcome the resistance level at 1.1280 and 1.1380. According to our forecasts, the price growth will continue in the near future to the psychologically important level of 1.1500. Overcoming this mark is unlikely, and after reaching this level, we recommend to fix the long positions and wait for the signal to open short positions. Our medium-term outlook remains negative.

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