19.05.2016 - The euro reached an important level of 1.1200

Price of euro showed decline and reached a level of 1.1200. Fixation lower than this mark will be a strong signal to sell with a potential of fall to 1.1050, 1.0985 and 1.0850. In case of rebound from the current levels, quotations will return to the upper boundary of the descending channel and the level of 1.1300. Our medium-term outlook remains negative, but we do not exclude correction in the coming days.

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