E-Forex - The Euro continued to drop versus the US dollar and has reached lows at 1.4390 during today's Asian session. Support starts at 1.4385 backed by 1.4355, 1.4310 and 1.4260. Resistance emerges at 1.4460 followed by 1.4505 and 1.4545. Sentiment is bearish on both hourly and daily studies so the downside looks favored as the Euro lacks the strength to recover or at least retrace on a trend correction process which may bring the 1.45 zone back in our attention.
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