21.02.2014 - Euro continues to consolidate within the channel

The price of euro continues to move within the local rising channel. After a sharp downward movement, the price has reached a strong level of to 1.37, but could not break through it. Currently the quotes are consolidating above 1.37 and at the same will soon reach the lower limit of the upward channel, and then can resume the growth with the aim of 1.3810. In case of price fixing below 1.37, the first target will be at 1.3630, with further decline to 1.3560.

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