29.03.2016 - Price of euro is corrected upward

Price of euro after a prolonged fall in recent weeks, has stabilized below 1.1200 and currently is trying to resume growth. In case of success, growth may continue to 1,1350-1,1400. According to our forecasts, the the fall of price is likely to resume in the coming days, and in such case the the first targets will be 1.0700 and 1,1050,1,0985. Our medium-term outlook remains negative.

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