EEuro continued to close the week with new low and gap down on opening today. The bearish momentum seem getting stronger now. EURUSD is moving toward key support 1.3100 but we have not seen any sign of buying yet. If 1.31 level is broken, a stronger and faster move down is expected.
US market close today and we expect that Euro will likely hold above 1.31 today.
Forex Trading Signal:
We will watch for signals to short Euro around 1.31600 – 1.3200