16.10.2015 - The price of euro can switch from the local negative trend

Price of euro showed decline after reached the upper boundary of the local rising channel and approached the important resistance level at 1.1500. As a result, the quotes broke through the level of 1.1400 and reached the level of 1.1350. Fixing below this mark that is close to the local minimum is a signal to sell with the targets at 1.1200 and 1.1000. Our medium-term outlook remains negative and we expect a strong increase in volatility at the beginning of next week.

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