FXstreet.com (Barcelona) - The Euro has weakened further during the European session and, from intra-day high at 1.3345, the Euro has dropped through 1.3255 support level approaching 1.3210 support.

According to Peter Rosentreich, technical analyst at ACM, advanced Currency markets, the Euro could driop to 1.3020 support: Positive risk sentiment continues to drive the pair higher. However failure to close above channel resistance at 1.3340/60 points to a correct toward 1.3020 trend support.

Support levels stand at 1.3210, and below therre, 1.3190 (April 30 low) and 1.3165. On the upside, the Euro might find resistance at 1.3290 before getting on the path towards intra-day high at 1.3345. Above there, Apr 30 high at 1.3385.

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