29.06.2016 - The euro may continue short-term correction

Price of euro continues to gradually recover positions after recent sharp decline. Overcoming the level of 1.1050 is the basis for the continuation of the upward movement of price with the upside potential to 1.1200 and 1.1400. On the other hand, in case of resumption of the negative dynamics quotations may fall to 1.0985 and fixing below this level would be the basis for the continuation of negative dynamics to 1.0850 and 1.0700. Our medium-term outlook is negative, despite a possible rise in the near future.

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