FXstreet.com (Barcelona) - Corrective pull down in favour of the Dollar seems to have gained strength and the Euro faces selling pressure again , after failing to break above 1.3620, the Euro turned down to test 1.3535 (Mar 18 high).

Stochastics show a bearish cross in the hourly charts, and if the Euro falls below 1.3535, next support comes at 1.3410, and then, 1.3325 (Jan 28 high). Swinging below here, 1.3160 and 1.3075 would come next.

On the upside, rebound at 1.3535 could drive the pair, first to 1.3615 (previous intra-day low) and then 1.3725/35 level. Above here 1.3795 (8 Jan high) would come into focus, and then 1.3854 (61.5 retracement of the December March decline).