14.05.2014 - The euro rebounded from the support

The price of euro continued to fall sharply on the background of the statement by the head of the ECB Mario Draghi on the introduction of additional measures to deal with low inflation, which threatens economic recovery in the euro area. New measures can be taken in June that together with the reduction of quantitative easing program in the U.S., gives reason to expect further price drop euros. At present moment the price rebounded from the strong support at 1.3700 and corrected upwards. We expect that within correction the price can reach 1.3760, but keep medium and long term negative outlook for the pair. A signal to sell will be price fixing below 1,3700.

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.