EURUSD
The Euro declined on yesterday and reached the 1.3600 mark where it found support. Support is seen at 1.3600 backed by 1.3565 and 1.3525. Resistance emerges at 1.3640 followed by 1.3680 and 1.3705. Daily sentiment is bearish while the hourly is neutral. If the 1.3600 support holds, the Euro may recover and climb back into the 1.37 area. A break of 1.3600 which is a medium term support would probably extend the decline for another 100 points. Current exchange rate is 1.3620 @06:16 GMT
Trading strategies:
Short in the 1.3640 area, stop at 1.3670, objectives at and below 1.3590.
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