28.04.2015 - Quotes of euro continues to grow steadily

The price of EUR/USD continues to grow within the local rising channel and currently is trying to overcome the strong resistance level at 1.0900. In the case of overcoming this mark, we are likely to see a continuation of the upward movement with growth potential to 1,1000-1,1050. In case of a correction within the channel, quotes probably will decline to 1.0800 and the bottom of the channel. Our medium-term outlook for the euro remains negative and we recommend to wait for a new signal for opening short positions with the potential fall to 1.0500, 1.0400 and 1.0000.

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