27.07.2016 - We expect the strong euro movement of today

Price of the euro is consolidating near the level of 1.0985, and is currently trying to overcome the upper limit of the local downward channel. In this case, quotations may reach 1.1050 and continue to rise to 1,1150-1,1200. According to our estimates volatility today will grow and in case of a fall, targets will be 1.0850 and 1.0700. Our medium-term outlook remains negative.

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