30.06.2014 - Upside potential of euro is limited

The price of euro after reaching the lower limit of the local rising channel, continued to rise and reached a strong level of 1.3650. Further movement within the uptrend is possible after fixing the price above 1.3665. Fundamental stimulus for increased volatility today will be the publication of data on consumer price inflation in the euro area. We expect the price to reach 1.3665 and then begin to decline.

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