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Do you remember the Weekly Fibo level? you can see the chart following this link: http://blogs.fxstreet.com/advisor/2009/04/10/could-euro-weakness-extend/ , well the 38.2% of that rally is around 1.3740, and the pair rebounded there several times even setting a two weeks high around that zone. Could pair break above? we are close to it, 4 hours charts point for continuation from actual price, so, there are high chances of the zone to be tested to day. The reaction there will be very important for the pair destiny in the term: a strong rebound could be the beginning of a new down leg, while a clear break above could be undestood as a continuation signal. For today, consider resistances at 1.3700 and the1.3740 zone. Above we have 1.3804 and 1.3835. Supports form actual price are 1.3655 1.3610 and 1.3558.
