RBS recommends buying euro / dollar on the decline

As the currency analysts Royal Bank of Scotland, the rising trend of the euro remains in force, and investors should buy the currency at lower. The bank’s strategy pay attention to the fact that the euro / dollar has declined and is now in the middle part of the recent consolidation range.
In the case of a deeper correction of a couple may go down to the area of $ 1.45, but it is unlikely this decline will be long.
Bank analysts believe that in the medium term investors should buy the euro / dollar to decline. Currently, the euro / dollar bargains at level of $ 1.4847.