27.05.2015 - Decline of the euro will continue to 1.0550
The price of euro after some consolidation has continued to fall. Currently quotes continue to decline along the bottom of the downward channel. Correction of quotes is possible to the level of 1.0900, a breaking of which will be the basis for further growth to the upper limit of the downward channel. According to our estimates, the price decline will continue in the near future and quotes will be reduced to a local minimum at 1.0550. We also maintain a medium-term negative outlook.