I can't believe that Euro can't manage a better rally than it has managed to squeak out so far. On the hourly chart it's currently sitting on a short-term upward trend line and a hammer candle just formed with a low of 1.3577. If it breaks below that, the hammer candle will be negated. I'm tempted to try a long here since stops can be tight. Short-term price action shows it trying to hammer out a base.
Resistance is at 1.3628, 1.3692, 1.3704, 1.3736, 1.3800, 1.3839, 1.4022, and 1.4100. Support is at 1. 3531 and .3435.
Here's the hourly chart:
© Dianne Fecteau, 2010. No part of this material may be reproduced in any form, or referred to in any other publication, without the express written permission of the author.
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