21.12.2014 - Euro is trying to continue the decline

The price euro continues to consolidate below 1.2165, which coincides with the previous minimum. Fixing the price below this mark is the basis for further reduction. According to our estimates, quotations in the near future can be reduced to the psychologically important 1.2000 level of. Volatility in the coming days will be minimal due to the celebration of the New Year. We recommend holding short positions with a stop above 1.2360. The forecast for the medium term remains negative.

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