22.10.2014 - The price of euro broke through the boundary of the channel

The price of euro has broken through the lower boundary of local rising channel and the level of 1.2700. Fixing the price below these levels will be a signal for sale with the targets of 1.2500 and 1.2200. Growth of price is limited by the level of 1.2825. Increase in volatility is expected after the publication of data on the consumer price index in the United States (12:30 GMT), which may be reduced due to the fall in oil prices and lead to the postponement of the Fed raising interest rates. We maintain a medium-term negative outlook for the euro.

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