FXstreet.com (Barcelona) - The Euro continues on a strong downward trend against the Dollar, and the Swiss e Trade Strategy Team expect some further weakening for the united currency: The support zone at 1.2850 for the pair has been broken on the downside in European morning with the market now at 1.2790.

The Swiss e Trade Strategy Team, affirms that despite the current up move, the Euro will end up testing lower levels: An intermediate up correction could set in now, but we see further down moves setting in today, eventually testing the 1.2690 support level.