25.04.2016 - Price of euro may continue to grow within the rebound

The price of euro fell to a local descending channel's lower border and approached the important support level at 1.1200. In the near future we may see euro correction in the descending channel, and as a result may grow up to the upper boundary of the channel, and strong resistance at 1.1400, but its breaking through is unlikely. Our medium-term outlook remains negative and we look forward to the resumption of negative dynamics with the objectives at 1.1050, 1.0985 and 1.0850.

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