16.06.2014 - Euro prepares for further reduction

Despite the slowdown in the decline, the likelihood of further fall of the euro remains high. Thus, the price continues to consolidate near the level of 1.3530. In the medium term the price will probably continue to move within the downward channel. To continue the movement the price needs to fix below 1.3500. The course of trading today will be affected by data on inflation in the euro area (09:00 GMT). We recommend holding short positions with the closest target near 1.3400.

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.