24.03.2015 - The price of euro approached the level of 1.1000
The price of EUR/USD is moving within the local rising channel and has overcome the important level of 1.0900. Further growth of quotations is limited by the psychologically important mark of 1.1000, for overcoming which is required a significant boost. In case of overcoming the level of 1.1000, the price will continue to rise to 1.1160 and 1.1300. We expect the reduction of quotations within the channel in the near future and maintain the medium-term negative outlook for the euro with the objectives at 1.0500 and 1.0000.