EURUSD—finally dropping

It looks as though Euro is finally beginning to drop, hitting a low of 1.3553 so far this morning. If it can't pull out of this then the correction was over at 1.3818 and the pair is beginning the next leg down.

As I wrote yesterday, support is in this 1.3538/51 area, so the pair should stall here a bit. My short from 1.3686 is profit stopped.

Support is at 135.38, 135.00, 134.35. and 134.05. Resistance is at 136.33, 136.95, 137.80 and 138.18.

Here's the hourly chart:












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