20.04.2016 - The gradual growth of the euro may end soon

The price of euro continues to grow within the local uptrend and in the near future is likely to reach the resistance level at 1.1400. Fixing above this mark will be a signal to buy with targets at 1.1500 and 1.1620. According to our estimates, tomorrow the price volatility will increase significantly, and the more likely scenario will be the negative dynamics of price with the objectives at 1.1200, 1.1050 and 1.0985. In case of opening short positions, the stop must be installed above 1.1450. Our medium-term outlook remains negative and we are waiting for the signal to sell.

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