25.12.2015 - The fall of euro resumed on strong US data

Today was published important statistics on the volume of durable goods orders, which was significantly better than analysts' expectations. In October the index increased by 3.0%, after declining by 0.8% in the previous period. The average analyst forecast was at 1.5%. This fact has led to a decline in the euro, which according to our estimates in the near future may continue to the target levels around 1.0500, but investors will be restrained by the future holiday in the US. We recommend keeping short positions on the euro with a stop above 1.0800 and the medium-term targets at 1.0500, 1.0200, 1.0000 and 0.9600.

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