24.06.2016 - The price euro fell sharply

The price euro has shown a sharp decline after failed to gain a foothold above the level of 1.1400. As a result, quotations broke through the support levels at 1.1050 and 1.1050, but failed to gain a foothold below. Currently quotes are around the important level 1.1050 and according to our estimates more likely is the continuation of negative dynamics till 1.0985 and 1.0850. Our medium-term outlook remains negative and we expect a high level of volatility in the near future.

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.