25.08.2014 - The price of euro reached the target level

The price of Euro has overcome the level of the nearest local minimum near 1.3240 and reached the first target of 1.3200 and the lower boundary of the local descending channel. We expect the slowdown in falling the euro and expect a minor correction or consolidation around the level of 1.3200. To continue the downward movement, the price needs to fix below this mark. Change of the trend is possible in case of rising above 1.3300. We reserve the medium-term outlook with a target level near 1.28.

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