19.02.2016 - We expect a strong movement of the euro prices today

The price of euro continues to decline gradually within the local descending channel in the near future with a high probability of reaching the support level at 1.1050 and then can reach the important mark of 1.0985. On the other hand, breaking through the upper boundary of the descending channel will be a basis for continued growth to 1.1200. Despite the possibility of a rebound of price up in the near future, we keep negative medium-term outlook with the potential of reaching the levels of 1.0800 and 1.0700 in the next month.

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