24.10.2014 - Traders are waiting for data on the housing market in the United States

The price of euro failed to reach the level of 1.2600 and stabilized above this mark. In case of growth the price may reach the the levels 1.2700 and 1.2825. Fixing the price above 1.2825 will be a signal to close short positions. Today the course of trading will be affected by the data on new home sales in the United States (14:00 GMT), which in the case of sales growth will lead to a decline in the euro. We recommend holding short positions with the targets of 1.2500 and 1.2200 and maintain a medium-term negative outlook.

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