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.

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.