17.06.2015 - We are waiting for the signals to open positions on the euro

The price of euro continues to grow gradually along the bottom boundary of the triangle and the volatility of prices has decreased due to the expectation of today's Fed statement on monetary policy, which will lead to a strong price movement. The buy signal with the objectives at 1.1450 and 1.1500 will be fixing quotations above resistance level at 1.1375. More likely scenario according to our forecasts will be breaking through the bottom of the channel and fixing below the local minimum at 1.1150 will be a signal for opening short positions with the targets at 1,1000 and 1,0900.We expect the price reduction of the euro in the medium term.

May 7 of USD Performance

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