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EURO
The euro lead the first attempt to breakthrough the support levels and end the triangular sideways correction after it rebounded from the resistance levels at 1.29; today the 1.2705 is the major support level for the correctional model and the downside wave is approaching and for validation we need to see clear trading below the mentioned level for the pair to start the downside wave which targets 1.2545 at least.
The trading range is among the key resistance level at 1.3055 and the key support level at 1.2510.
The general trend is to the downside as far as 1.5080 remains intact; targets are set at 1.2480 and 1.2340.
Support 1.2705 1.2665 1.2655 1.2590 1.2545
Resistance 1.2760 1.2800 1.2880 1.2990 1.3055
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