19.05.2015 - The price of euro changed the uptrend to the downstream

The price of euro broke through the lower boundary of the rising channel and the support level at 1.1280. Currently quotes are trying to gain a foothold below the local minimum at 1.1200. In case of success, we recommend to open short positions with a stop above 1.1420 and 1.0900 and objectives at 1.0700. In case of correction, quotations may return to the lower boundary of the channel. We keep a medium-term negative outlook for the euro and recommend to open short positions.

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