14.11.2014 - Euro will soon break through the boundaries of the triangle
On the chart of euro was formed a triangle. At the moment, the price volatility has been steadily decreasing and before long we expect the price to exit the triangle that will lead to a strong price movement. Fixing the price above 1.2500 will be a signal for opening short-term long positions with the target 1.2600 and the price fixing below 1.2400 will confirm our medium-term negative outlook for the euro. We recommend holding short positions on the euro with the objectives at 1.2200 and 1.2000 and a stop above 1.2750.