EURUSD: While EUR may have closed higher the past week, it remains vulnerable due to its negative candle formations seen on daily charts. Support lies at the 1.3564 level where a violation will aim at the 1.3500 level. A break will aim at the 1.3450 level.
Below here will pave the way for a move lower towards the 1.3400 level. If this continues, expect further downside to occur towards the 1.3350 level.
On the other hand, resistance lies at the 1.3643 level with a cut through here targeting the 1.3685 level, its May 2014 low followed by the 1.3720 level. All in all, EUR remains biased to the downside in the short term.
Guest post by FX Tech Strategy
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