EUR/USD Technicals" title="EUR/USD Technicals" height="317" width="907">
EUR/USD made it towards 1.3790/95 and topped almost exactly here, then broke lower to strong support at 1.3700/3694 which held the downside perfectly as expected. The bounce meets resistance at 1.3745/3750 and we should struggle here. However a break higher is less negative and may allow a small recovery towards 1.3790/95 once again. With the outlook negative this could hold the topside but if we manage to continue higher we meet strong resistance at this week's high of 1.3815/3825 for a selling opportunity, with stops above 1.3860.
Failure to beat 1.3745/3750 keeps the market under pressure for a retest of support at 1.3700/3694. The outlook is still quite negative so a break lower cannot be ruled out and should target very good support at 1.3660 for a buying opportunity this week.