27.04.2016 - The price of euro may extend gains to 1.1400

The price of euro continues to grow within the local descending channel after it rebounded from the bottom border. In the near future upward movement may continue to the upper limit of the channel and the level of 1.1400. A breaking of these levels will be the basis for continued growth and target 1.1500. A more likely scenario is the resumption of the negative dynamics in the near future. We expect a strong increase in volatility today. Our medium-term outlook remains negative with the objectives at 1.1050 and 1.0985.

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