27.01.2015 - The price of euro fell sharply within the channel

The price of euro fell sharply in the descending channel after a long consolidation near the level of 1.1350. At the moment, quotes are correcting upwards after a rebound from the bottom of the downward channel. In near future the price will reach the level of 1.1280, and then may continue to grow to the upper boundary of the channel. We keep the medium-term negative outlook and expect the resumption of the downward price movement with the potential fall to 1.1150, 1.1100 and 1.1000.

EUR/USD in January 2015

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