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The single currency has met resistance at the falling trendline at 1.3290 and followed a serious downturn. Support for 1.30 and annual low at 1.2620 and could not stand the euro reached a year low at 1.2288. On the downside, support is concerned first floor, followed by 1.21 (161.8% of the movement from 1.2620 to 1.3480) or 1.1880 (06.2010) The. On the upside, the first serious resistance can be expected at 1.2620 (low of January), followed by 1.2785 (50% Fibonacci correction decreased from 1.3283 to 1.2288).
