18.11.2014 - The price of euro has started growing again within the channel

The price of EUR after yesterday's correction against the background of negative data on Japan's GDP and industrial production in the United States has started growing again. Currently quotations are consolidated above 1.2500 and today probably will reach 1.2550 and the upper boundary of the channel. Fixing the price above 1.2600 will be a signal to the closing of short positions. Rising volatility is expected tomorrow in connection with the publication of data on the housing market in the US and minutes of the previous meeting of the Fed. Despite the current growth, we are forecasting a fall in price in the medium term with targets at 1.2200 and 1.2000.

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