15.02.2016 - Price of euro according to our forecasts will decrease in the near future
The price of euro started to correct down after the strong growth in the previous weeks as a result of which quotes approached resistance level at 1.1400. Currently quotes broke through an inclined support line and an important mark of 1.1200. Fixing below given marks will be a signal to sell with the nearest target levels at 1.1050, 1.0985 and 1.0800. We forecast a drop in the near future and maintain the medium-term negative outlook for the euro.