FXStreet (Łódź) - Independent Analyst Vladimir Mihaylov points out that the USD remains strong on onday with the EUR falling below 1.3450 support and now consolidating inside the main support area between 1.3420 and 1.3450.
“It is expected the pair to test 1.3400. EUR is bearish on all time frames except Weekly and Monthly.”
“The resistance area is 1.3445-1.3455 and if broken the target will be 1.3475-85.”
“To the downside breaking of 1.3400 may lead to another drop to 1.3300.”