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Forex pairs in this Article » EUR/USD
FXStreet (Barcelona) - Market Strategists at UOB Group note that the breach of the strong support at 1.3680 is the first indication that the current momentum is not strong enough to carry EUR higher towards the 1.3815/20 target.

Key Quotes

“However, only a move below the key support at 1.3635 will suggest extension lower towards 1.3550.”

“In the meanwhile, expect 1.3635 to 1.3740 trading range in the next couple of days but unless there is a clear move above 1.3740, the risk appears to be greater on the downside.”
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