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