20.09.2016 - We forecast a decline of the euro in the near future
The price of euro shows correction within the local descending channel and came close to the upper boundary and the level of 1.1200. In case of overcoming these marks, we expect a further increase in prices to 1.1260 and 1.1350. The breaking and fixing of price below support at 1.1140, will be the basis for the continuation of the negative dynamics of prices with the objectives at 1.1050, 1.0985 and 1.0850. By the end of the week we will see strong movements in prices. Our medium-term outlook remains negative and we expect a price decline in the near future.