EURUSD is facing 1.3575 support, a breakdown below this level will signal resumption of the downtrend from 1.3700, then next target would be at 1.3500 area.

Resistance is at 1.3650, only break above this level could trigger another rise to 1.3800 area.

Editor’s Note: Equity investors/traders can use the Currency Shares Euro Trust (FXE, quote) ETF to take positions in the euro without a FOREX account.  The ETF looks to track the price of the euro (EURUSD), minus ETF fee. The fund seeks to reflect the price of the euro with the shares representing a cost-effective investment relative to investing in the FOREX market.

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