27.03.2015 - Decline of the euro is likely to continue in the near future

The price of euro after an unsuccessful attempt of breaking through the psychologically important level of 1.1000 continued growth and resumed a downward movement and is currently trying to gain a foothold under the lower boundary of the rising channel. In case of success, the decline will continue in the near future and in the medium term with targets at 1.0500, 1.0400 and 1.0000. We recommend holding short positions with a stop above 1.1050 near local maximum and medium-term outlook remains negative.

February 23 of EUR-USD Performance

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