More lows late New York; stops drive trade into next technical support. Option barriers reported on the dip. Official interest noted traders say around the 1.3250 area on the break with stops driving the dip lower.

OK to look to the buy side now; rotation off the lows to hold above 1.3350 suggests a near-term bottom. Rate is an absolute screaming buy in my view—I can't see further weakness being ignored by the buyers. Oil two-way spills over into pricing but rate firm despite lower oil. Traders note stops building above the market along with offers.

Expect more two-way action with upside bias; traders note the rate is finding profit-taking bids on dips so far despite the uncertainty in the market. Traders suggesting that the rate is continuing to trade technically. Traders note official names overnight this time.

EURO/USD Daily

Resistance 3:  1.3500/10
Resistance 2:  1.3450
Resistance 1:  1.3380
Latest New York:  1.3060
Support 1:  1.3050
Support 2:  1.3000
Support 3:  1.2950/60

Data due Wednesday: All times EASTERN (-4 GMT)

4:00am EUR Italian Retail Sales m/m

Forex Analysis by Jason Alan Jankovsky at ForexPros.com. For more details about Forex Trading and Tips for decent earnings through Forex Trading, Please check http://www.forexpros.com