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Forex pairs in this Article » EUR/USD (Barcelona) - Euro rebound from 1.4075 lows was capped on Friday at 1.4340, and the pair slid on Monday after EU postponed the resolution about the second bailout for Greece, to find support at 1.4190, before bouncing back to 1.4245 area.

Immediate support, thus, lies at 1.4190/00 (day lows), and below here, 1.4125 (Jun 17 lows) and 1.4070 (Jun 16 low). On the upside, resistance levels lie at 1.4340 (Jun 17 high), and above here, 1.4500 (Jun 14 highs) and 1.4550 (Jun 10 high).

The overall trend remains negative, according to Stoyan Mihaylov, technical analyst at Deltastock, aiming to 1.3969: "Friday's test of 1.4320 resistance area failed and the bias on the 4h. chart continues to be negative for 1.3969. The intraday outlook is also bearish for 1.4128, en route to 1.4070 with an initial resistance at 1.4260 and crucial level at 1.4290."
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