15.06.2015 - The euro will continue to fall
The price of euro continues to consolidate within the "triangle". The amplitude of price oscillations gradually decreases, indicating a strong price movement in the near future, after the consolidation. The main factors that will affect the dynamics of prices remain negotiations between Greece and creditors on the reforms necessary for the country's debt restructuring. On June 19, Greece could default in the event of missing payment on the IMF loan of about 1.6 billion euros. Also on Wednesday, the Fed will release a statement that according to our forecasts will point to rise of the interest rates this year. In this regard, we expect the fall of the euro in the medium term, despite the success of the negotiations between Greece and creditors.