26.05.2016 - Price of Euro corrected within the channel

The price of euro corrected within the local descending channel and currently has reached its upper limit. In case of continued upward momentum and overcoming the resistance level at 1.1200, the growth may continue to 1,1350-1,1400. It is worth recalling that consolidation of quotes below the important level of 1.1200 will be a signal to sell with targets at 1.0850 and 1,1050,1,0985. We forecast a drop in prices in the medium term and in the coming weeks, but do not rule out a minor upward correction in the near future.

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