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Expert's opinion from FXFinPro

The fall of the euro will continue in the near future

The price of euro showed the fall against the backdrop of correction after increased interest the to the European currency as a safe asset in comparison with the US dollar. According to our forecasts, in the next few weeks the prices will continue to fall due to increased speculation about a possible increase stimulus measures in the euro area by the ECB. As a result, we expect a price drop to 1.0800 in the near future, after which the negative trend may continue up to 1.0700 and 1.0550. In the medium term we expect the fall of the euro against the background of the projected increase in the probability of the Fed raising interest rates this year.

More detailed analytics you can see at our site https://fxfinpro.com/en/analytics

 

Wednesday, 24 Feb, 2016 / 10:12

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