24.09.2015 - Euro is corrected after the recent strong decline

The price of euro after the rebound from the support level at 1.1100 has grown to 1.1200 and has continued growth. According to our estimates, the price can reach marks 1,1300-1,1400 soon. Despite current growth, we expect the resumption of the negative dynamics in the near future after the completion of correction and immediate objectives in this case will be 1.1100, 1.1000 and 1.0900. In the medium term, we also expect a price drop to 1,0500-1,0700.

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.