In spite of the importance of the 1.4682 support that has stopped price twice exactly at the same price, we will not wait until it is broken to turn our outlook for the Euro to negative. We will set out most important support at Fibonacci 61.8% for the short-term 1.4744, because it is the last important support defending 1.4682, and if 1.4744 is broken, the odds of breaking 1.4682 on a third attempt will be big.

The most important support for the short-term is 1.4809, provided by the falling trendline from 1.4926, and breaking it would give the Euro some strength that could be enough to test Fibonacci 50% at 1.4872. We will await a break of either of those levels before deciding on today's direction. If we break support at 1.4744, that will mean a continuation of falling on the short-term and targeting the important bottom 1.4649 and may be 1.4610 after that. But if we break the resistance 1.4809, today's direction would be up, and the suggested targets would be
1.4872 first, and may be 1.4916.

Support:

• 1.4744: Fibonacci 61.8% for the short-term.

• 1.4649: Oct 7th low.

• 1.4610: Sep 21st low.

Resistance:

• 1.4980: the falling trendline from 1.4926.

• 1.4872: Fibonacci 50% for the drop 1.5061.

• 1.4916: Fibonacci 61.8% for the drop 1.5061.