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.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.