EURUSD made it much further than expected to 1.3314 but then collapsed. We are just holding on to support in the 1.3060/40 area & could see a bounce back to 1.3132, possibly 1.3190/00. Here we could hit selling pressure so watch for a high but a push through 1.3240 could see us reaching 1.3282/96.We are back in the long term down trend so any rally is expected to be short lived. A break below 1.3030 is very possible for 1.3000. Below here we could fall as far as 1.2890/80 before finding support.
Long term levels1.3711 2013 High1.3532 200 Week Moving Average1.3486 2012 High1.3434 Last week’s high1.3381/86 April 2012 High1.3367 100 Week Moving Average1.3145 Last week’s Low1.3140 October 2012 high1.3028 November High
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