21.05.2015 - The price of euro is consolidated near 1.1100

The price of euro after strong reduction and breaking through the lower boundary of the rising channel, stabilized near the level of 1.1100. After some consolidation near this mark, the price shows a gradual increase. In case of continuation of falling of quotations and fixing above this mark, we recommend to open short positions with the targets at 1,0900, 1.0700 and 1.0550. The growth in the near future is limited by resistance levels at 1.1280 and 1.1400. We maintain a medium-term negative outlook, and expect falling prices in the near future.

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