It seems that the euro has found support at 1.3303 area and below 1.3386 its short-term downtrend is still maintained. If you look at the chart you will notice that there are three sessions that the euro has remained in the same level, the volume down and ranges have been shortened. You may notice there is a technical pattern; the break of 1.34 could give momentum back to the euro up 1.36 resistance. On the other hand, below 1.3303 support, this pair has another support that should be overcome, the daily fractal is 1.3250. If the pair breaks this level, the fall is guaranteed to 1.30 psychological level of the pair.
Therefore, we recommend you monitoring these levels; at the current level there will be a dangerous position, as the market is undecided.
If you need personal consultation, contact me via e-mail: gerardo.porras@analytics.instaforex.com
