FXstreet.com (Buenos Aires) - Euro is suffering more pressure against dollar, and downside movements could extend during Asian session, while Jean Claude Trichet is struggling to unite the ECB's Governing Council as they spent pass to weeks giving conflicting signals about monetary policies. Council members don't agree of whether ECB will further cut their benchmark and by how much, but if they should buy financial assets or apply another non conventional measures. From a technical perspective, Eur/Usd break the neck of a head and shoulder figures clear in the hourly chart, around 1.3325, and even completed a pullback to he mentioned neck. Quoting now around 1.3315, pair will find first support around 1.3280 (yesterday's low) followed by 1.3250 congestion zone, and 1.3215, target of the mentioned formation. Above 1.3347, resistances will lie at 1.3384 and 1.3430 zone.
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