The Euro came very close to the 4-hour channel on Friday, after breaking the support specified in the report, and the drop stopped only 2 pips before the first suggested target 1.3852. With this move taking us close to the channel bottom, and then a fast bounce reaching 1.3666, the odds of an upside correction remains present, but we need a break of 1.3666 before we can say the odds favor that. Short-term resistance is at 1.3666, and breaking it would indicate that the price is already moving higher after the drop we witnessed last week, even if that was only for a short term correction.

The targets for such a correction would be 1.3752 & 1.3805. While the support is at 1.3620, and breaking it would bring back Friday’s target under the spotlight: 1.3582 & 1.3516.
        
Support:

• 1.3620: the falling trend line drawn from Jan 21st bottom (1.4027) on the hourly chart.
• 1.3582: Apr 6th high.
• 1.3516: Apr 2nd high.

Resistance:

• 1.3666: short term resistance.
• 1.3752: Fibonacci 38.2% for the last drop from 1.4025.
• 1.3805: Fibonacci 50% for the last drop from 1.4025.