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EUR/USD Continues to trend lower, with risk seen for further drop to fully retrace the 1.3266/1.3591 upleg. Break below 1.3266, yearly low, would open 1.3190, 30 Apr 2009 low next, while 1.3409 expected to cap corrective attempts. Res: 1.3377, 1.3409, 1.3438, 1.3459 Sup: 1.3266, 1.3245...

EUR/USD Hourly structure continues to be negative with yesterday's break below 1.3390/83, 61.8% retracement of the 1.3266/1.3591 rise / 31 Mar low, warning of a full retrace of the move. Scope is now for a short-term swing higher, before leaving a lower top. Res: 1.3438, 1.3459, 1.3496, 1.3537...