19.08.2014 - Euro is trying to break the support level

The price of euro was unable to overcome the inclined resistance level and reached the strong support level at 1.3350 and now is trying to break through it. In the case of consolidation the quotes below this level, the decline may accelerate. The target levels in such case will be 1.3200 and 1.3160. Growth is limited by the resistance at 1.3400 and 1.3440. Increase in volatility is expected tomorrow night and on Friday. We maintain a medium-term negative outlook for the euro.

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