The Euro did not succeed in its first attempt to break the trend line we talked about yesterday. And also, the price did not move all too much, leaving yesterday’s Asian session top 1.4531 as the important resistance to determine if this line is able to create another reversal, or if it will be broken this time, letting the price fly. The support is at 1.4485. We will be waiting for a break of either of them to determine short term trend. IF the resistance 1.4531 is broken, the Euro will gain a lot of strength, targeting 1.4625, and the important Fibonacci level 1.4678. If the support at 1.4485 is broken, it would indicate that this line has probably created another reversal similar to the one we saw last week, ideally targeting 1.4428 & 1.4365.
 
Support:

• 1.4485: important previous resistance close to last week’s high.

• 1.4428: Fibonacci 38.2% for the short term.

• 1.4365: Fibonacci 61.8% for the short term.
 
Resistance:

• 1.4531: Asian session high.

• 1.4625: Nov 3rd low.

• 1.4678: Fibonacci 50% for the medium term.