19.06.2015 - We expect strong price movement in the euro until the end of the month
The price of euro continues to consolidate, and the amplitude of price fluctuations decreased, which indicates a high probability of strong price movement of the price upon completion of the consolidation. The trigger for a strong price movement may be the news regarding Greece's creditors and negotiating reform in the country, including pension reform, which will reduce social benefits in Greece. Until June 30, the country should make a payment of 1.6 euros on the IMF loan and according to the head of the IMF Lagarde this deadline is final. In this regard, we expect strong price movements of the euro till 30-th of June and maintain a medium-term negative outlook.