© Dukascopy
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Daily maximum: 1.3538
Daily minimum: 1.3430
The single European currency continued the bearish trend, started 20 days ago as the borrowing costs for Spain and Italy are rising on fresh worries the countries won't manage their debts. This caused a pierce of the market mean at 1.3526.
While none of the resistance (1.3609; 1.3695; 1.3862) levels has been tested yet, the support 1 at 1.3442 paves the way to the remaining support lines at 1.3361 and 1.3194 respectively. The daily market stance remains bearish.