E-Forex - The Euro has established a new record high on Friday at 1.5465 after another month of contraction in the US job markets but the gains were short lived and it soon collapsed to 1.5313. Although the Euro has recovered some of its Friday losses and climbed back into the 1.5390 area, it is currently losing strength and may extend losses towards the 1.5330 mark and lower, to 1.5275 where strong support area is formed.