15.12.2014 - Euro is trying to resume the fall

The price of euro fell again after it was unable to reach the level of 1.2500. At the moment, quotes reached the inclined support line. It should be noted that breaking through this level and fixation below 1.2400 will be the signal for the opening short position with a stop above 1.2500 and objectives 1,2200-1,2250. The course of trading today may be influenced by the data on industrial production in the US (14:15 GMT). We maintain our medium-term negative outlook for the euro and recommend holding short positions.

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