EUR downside likely to continue today

FXStreet (Barcelona) - Independent Analyst Vladimir Mihaylov points out that EUR remains above 1.3530 support and every attempt to break above 1.3550 is not successful.

Key quotes

“Now we are watching the 1.3530-40 area, break below will increase the downside pressure and first support to come is 1.3500, then 1.3470 and finally 1.3430.”

“Today we have plenty of economic data from EU and USA. EUR is now bearish on all time frames, so it is more likely the downside to continue today.”