The euro fell against the US dollar to a 27-month low as well as versus the yen. After a huge volatile session, the cross finally made a near-term top at 143.15 on a daily closing basis. In case if the pair closes above 143.15, then only we will recommend buying. In yesterday's session the cross managed to hold the support at 143.00 levels. Multiple times it tested that, but finally fell below that and made a low at 142.18 levels. In the h4 chart, the cross formed a huge distribution pattern between 143.40 and 143.51 levels. It is not safe to buy until the h4 candle closes above 143.60 levels. On the down side, it has support between 142.44 and 142.18 (8hr low) levels. We recommend safe selling below 142.18 for targets at 141.75, 141.50. The panic will be triggered below 141.70 for an intraday session. Risky traders can buy above 142.75 for a target at 142.95 and 143.35 levels.
