Although euro's decline from last week's top at 1.4448 has resumed and retracement of recent upmove to 1.4040/50 is seen, loss of momentum should limit downside and reckon chart support at 1.4007 would hold form here, yield rebound later, however, a firm breach of 1.4186 is needed to signal temporary low has been formed and yield gain to 1.4240/50. Below aforesaid support at 1.4007 would risk stronger correction of uptrend to 1.3950/60.
Tuesday, May 21, 2013 As of 10:47 AM EDT
U.S. EDITION
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