EUR/USD Technical Analysis

The trend rate is declining. During the week it is very likely that the retesting 1.2860 (low Tuesday). 

 

If the downward movement continues, there is considerable support in the 1.2800 / 1.2750 (2013 low), ie about 100 pips below the current levels. The rate in the past has shown that "test out" such critical levels. We believe that these levels will occur buyers. 

 

There was conflicting trend. A rebound to 1.30 would act as a partial correction to the sharp drop last week. 

 

I see that the volatility in the exchange rate will fall soon, which will facilitate management positions by investors.