EUR/USD Technicals" title="EUR/USD Technicals" height="316" width="911">
EUR/USD held resistance at 1.3815/33 as expected. We could try shorts in this area again today with a high for the day likely as we expect the outlook to turn more negative this week, but we will need stops above 1.3865. On a break higher look for 1.3935/40.
Failure to beat 1.3815/33 is likely again today and being overbought if we dip below 1.3785, we should continue lower to 1.3760 and perhaps as far as 1.3747/40. Just be aware that if this does not hold the downside we should see 1.3718 before a buying opportunity at 1.3694.