19.12.2014 - Euro is trying to break through a minimum and continue to fall

The price of euro fell sharply after the Fed's statement on intention to raise interest rates next year, which strengthened the dollar. At the moment, the euro reached the level of quotations of local minimum and tries to overcome it. It is worth noting that at the moment there is a possibility of the price rebound from the strong support, but soon a drop in prices will continue. Breaking through the support at 1.2250, will cause further decline to 1.2200 and 1.2000. We recommend holding short positions and maintain a medium-term negative outlook for the euro.

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