17.02.2014 - Euro is preparing to continue the growth

Decline of the dollar due to weak data on industrial production in the U.S. has allowed the euro to overcome the strong level of 1.37. In case of fixing above this level, we expect further upward movement to the level of 1.3810. Support lies at 1.3680.

We expect low volatility due to the holiday in the U.S. and the lack of important macro from the Eurozone. The course of trading today may be influenced by the news from the summit of finance ministers of the Eurozone.

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