The Euro is not out off the Water yet - with most news out of Euro Zone looking very bad - Still look to short the EUR/USD on it's highs - with the data showing still lower lows to come.
Check out market data.
Data FXstreet.com FXstreet.com (San Francisco) - The Euro seems to have found support at 1.2520 against the Dollar after falling around 90 pips from 1.2610, where the pair was capped in its attempt to recover ground.
Currently the EUR/USD is trading at 1.2535, 0.38% below opening price action.
On the downside, if EUR/USD breaks below its previous low at 1.2514, next supports could be found at 1.2500 and 1.2480, while on the flip side, resistances on bounces are seen at 1.2600, 1.2625 and 1.2690.
EUR/USD May 24 at 21:14 GMT
1.2538/39 (0.05%)
H1.2544 L 1.2530
| S3 | S2 | S1 | R1 | R2 | R3 |
|---|---|---|---|---|---|
| 1.2428 | 1.2459 | 1.2491 | 1.2637 | 1.2668 | 1.2700 |
| Trend Index | OB/OS Index |
|---|---|
| Data updated on May 24 a 21:00 GMT (15-minute timeframe) | |
| Slightly Bullish | Extremely Oversold |
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