25.03.2014 - Euro returned into the channel

The price of euro rose strongly against the statement made by the Federal Reserve regarding John Williams, the fact that the Federal Reserve will not start raising rates sooner than was expected before. Thus, the price returned inside the rising channel and now is consolidating above its lower limit. To continue the growth the price needs to fix above this level. The signal to buy will be price fixing above 1.3850. In case of reduction, a signal to sell will be price fixing below 1.3750. We maintain a long-term negative outlook, but admit the possibility of growth in the medium term. The course of trading will be affected by data on the U.S. housing market.

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