Next Euro targets, support and resistance levels

The Euro keeps sliding and hit another short target at the 1.2820 area. If it started a retracement today, it would stop at one of the following levels, to watch closely: 1.2891, 1.2948 or 1.3057. It would then likely resume a move lower.

If the Euro continues sliding it has two more levels of support below current prices where it it is likely to stop: the 1.2685 target and the 1.2634 previous low support. If it gets there we should see a retracement on the daily chart bringing price back into the 1.2820-40 area.

 

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Filed under Euro FX setups and trades

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