International Trading

Euro continues its slow, but constant slide this Monday, approaching to key 1.2660 support area. With 4 hours chart showing indicators bearish, crossing their midlines, and price developing under 20 SMA, if the support gives up, further falls could be seen despite slow movements, towards the 1.2620/30 support zone.

Immediate resistance comes at 1.2710/20 area, with the upside limited also by 1.2735: only a clear acceleration above this last, could change the tone, with the pair aiming to retest 1.2770/80 zone, not seen at this point.

View Live Chart for the EUR/USD