28.05.2014 - Traders are waiting for the signal on the euro
The price of euro reduced the pace of decline and now consolidating in the corridor 1,3615-1,3670. In case of price growth above 1.3670 will be completed formation of the pattern "double bottom", which indicates a trend reversal. In case of further decline, the signal to sell will be price fixing below 1.3615. We expect continuation of decrease and we are waiting for the announcement of new measures against low inflation in the euro area after the ECB meeting on June 5.