22.09.2015 - The breaking of 1.1200 was a confirmation signal to sell the euro

The price of euro after breaking through the lower boundary of the rising channel, reached the level of 1.1200 and continued to decline. This fact is the basis for opening short positions with the first targets at 1.1080, 1.1000 and 1.0900. We with a high probability expect the fall of price of the euro in the near future and maintain the medium-term negative outlook.

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