29.10.2014 - Volatility of euro remains low
The price of euro amid low volatility continued gradual growth and has overcome resistance level of 1.2700. This situation gives reason to expect continuation of growth of the price to the level of a local maximum of about 1.2825. Overcoming this mark will indicate a change of the downtrend. Today, we expect increased volatility in relation to the statement the Fed's monetary policy. Despite the current growth the price we maintain a medium-term negative outlook for the euro with the objectives near 1.2500 and 1.2200.