19.06.2014 - Euro strengthened rapidly

The price of euro after leaving the descending channel and fixation above the strong level of 1.3590, continued growth and has overcome inclined resistance level. The reason for the growth was yesterday's Fed statement on monetary policy in the United States. We recommend opening long positions with the target at 1.3665, after overcoming of which the price may reach 1.3720. Despite the short-term growth forecast, we expect the resumption of the downward movement in the medium term and will wait for the moment to open short positions.

May 13 of USD Performance

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