22.02.2016 - The euro started the week with a powerful decline

The price of euro has shown a strong decline at the beginning of the trading week and started to correct down after failed to break through the upper boundary of the local descending channel and as a result reached a level of 1.1050, and then continued to decline to the lower boundary of the channel. In the near future, probably quotations will reach a strong support at 1.0985, after which the fall may continue to 1.0800 and 1.0700. Our medium-term outlook remains negative, and growth within the correction is possible to 1.1200.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.