The Euro has been rejected at 1.3435 intra-day low and the pair has lost about 80 pips so far, dropping to levels below 1.3400 and approaching intra-day llow at 1.3325.
Advances the possibility of a Double-top at 1.3435: “Probable double roof formation in the hourly chart, 1.3340 zone is holding the upside. Both momentum and RSI point for further rises in the pair that also remains above 20 SMA. Bigger charts are giving signs of exhaustion, with a probable downside correction for next hours, with the neck of the formation around 1.3325 as our last support for today."
Support levels remain at today’s low at 1.3325 and below there, next support could come at 1.3290 and 1.3250. Resistance levels remain at intra-day high at 1.3435 and above here, 1.3460 and 1.3490.
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