20.11.2015 - The euro resumed its decline

The price of euro after reaching the upper limit of the downward channel, continued to decline and is currently at around the level of 1.0700. In case of breaking the channel’s limit, quotes may continue to rise to 1.0800, and the overcoming of this level will be signal to take profits on short positions. We expect a continuation of the negative dynamics in the near future to the target levels near 1.0500. Our medium-term outlook also remains negative.

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