25.01.2016 - The euro will probably continue to decline

Price of euro after breaking the inclined support line showed a strong increase in volatility, but as the result fixed below 1.0900 and continued to fall. At the moment, price broke through the support at 1.0800, and according to our estimates, with a high probability will continue decline with the first targets at 1.0700 and 1.0550. In case of correction, the price will rise to 1,0850-1,0900. We maintain a medium-term negative outlook, and recommend accumulating short positions.

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