29.07.2015 - We look forward to a strong price movement after Fed statement
The price of euro continued to grow within the local rising channel. As a result, quotations reached the upper limit of the medium-term downtrend channel, but could not overcome it and at the moment is corrected downwards. In case of breaking the mark of 1.1000, we recommend to open short positions. On the other hand, a breaking of the channel will be the basis for further growth to 1.1200. Today is expected the increase of volatility in connection with the publication of the statement of theFederal Open Market Committee of the Fed. Our medium-term outlook remains negative.