UniCredit: euro / dollar is preparing to break through 1.50

As the currency analysts UniCredit, the weakening U.S. dollar continues and does not even try to slow down, thus, believe in the bank, no data on the U.S. housing market, which went today at 16:30 Moscow Time, or the next series of earnings reports of companies for the 3rd quarter, most likely not be able to stop this decline. Thus, the bank’s strategy continues to prefer to sell the U.S. currency. Meanwhile, talk that the European authorities are opposed to strengthening European currencies lose their value, which creates favorable conditions for a breakthrough level of 1.50 – stop-loss and option barriers, of course, will increase volatility in the first attempt to break through this level. Currently, the euro / dollar is trading at around 1.4973.