ISSN: 2056-3736 (Online Version) | 2056-3728 (Print Version)


EUR/USD: Despite its marginal close higher at the end of the week, it continues to face further downside. Support lies at the 1.3500 level where a break will expose the 1.3450 level. Below here will pave the way for a move lower towards the 1.3400 level. If this continues, expect further downside to occur towards the 1.3350 level. On the downside, On the upside, resistance lies at the 1.3700 level, its psycho level followed by the 1.3750 level. Further out, resistance comes in at the 1.3800 level followed by the 1.3850 level. All in all, EUR remains biased to the downside in the short term.