24.06.2015 - We forecast decline of the euro

The price of euro after a long consolidation within the triangle has broken through its lower boundary and fell to the important level 1.1200. Currently quotes are consolidated near this mark and in the case of fixing below it, we recommend to open short positions with a stop above 1.1400 and targets at 1.1080, 1.1000, 1.0900 and 1.0700. In the near future we may see a strong short-term upward movement, but our medium-term outlook remains negative.

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