17.09.2014 - We expect an increase in volatility of the euro
The price of euro continues to grow gradually. It is worth noting that the volatility remains at a low level due to the expectation of a number of important events today and tomorrow. So, today will be published the Fed's statement on monetary policy, but tomorrow will be held a referendum on Scottish independence, which can be negatively displayed on the dynamics of the euro in case if the country will exit from the United Kingdom. The signal to open long positions with the target of 1.3160 will become fixation above 1.3000. We expect that the price will break through the inclined support level and will resume decline with the medium-term goals 1.2800 and 1.2500.