Price hesitation saw EUR closing flat the past week to form a doji candle. With a sign of warning signaled, the pair is now faced with either to follow through lower or return above the 1.3757 level. If the later occurs, upside risk will turn towards the 1.3785 level with a break targeting its Nov 08'2010 high at 1.4083 level. Further out, resistance comes in at the 1.4281 level traded in early Nov 2010. Its weekly stochastic is bullish and pointing higher supporting this view. Alternatively, below the 13539 level will pave the way for more declines towards the 1.3494 level. This level is expected to reverse roles and provide support thus turning the pair higher. Below there if seen will target the 1.3245 level and then the 1.3000 level.

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