30.04.2014 - Volatility on Euro today will grow
The price of euro failed to gain a foothold above the level 1.3850 and returned into the side corridor 1,3790-1,3850. At the moment, the price approached to the lower boundary of the corridor and probably will rebound upwards. Today, we expect increased volatility throughout the day because of release of a large block of macro statistics in Europe and the USA. The main event of the day will be the Fed's statement on monetary policy. We recommend opening short positions in case of price fixing below 1.3790 and keeping a long-term negative outlook for the euro.