EURO $EURUSD $6E_F

Pepe

We started the last week with a warning of possible lower levels below 1.34 on Sunday night –post

The European currency sold off  from Sunday night open until midweek, where it found support in the 1.3120 mark, level which was not seen since January of this year

Forget, at least for now, of 1.3750 resistance, although I would not discard it, provided the range and expanded volatility we have experienced over the last few days and months. 

For this week, I would be watching the 600 pip range 1.3760-1.3130

1.3260 is short term support

resistance starts @ 1.3680

1.3500-1.3660 looks for a possible area of business and 1.3150-1.3230, too

2011-10-10_0129

In the meantime, all are eyes will be on the developments towards the upcoming the Nov. 3 G-20 summit

 

 

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