19.03.2015 - The price of euro resumed its decline after a sharp rise yesterday

The price of euro yesterday has broken through the sloping line of resistance and rose sharply. Within the growth of quotations reached the important levels of 1.0900 and 1.1000, but were unable to consolidate above the given marks and lost most of the previous growth. According to our estimates, quotes will soon return to the levels of 1.0600 and 1.0500. Growth is limited by the level of 1.0900. We recommend holding short positions with a target at 1,000 and a stop above 1.1000. Our medium-term outlook remains negative.

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