The Euro broke the support 1.3662 and fell strongly as we expected, reaching the first suggested target 1.3582 successfully, and stopping only 5 pips before the second target 1.3525, Which confirmed a continuation of the downtrend, and an inability of using any chance to create a notable correction. And today, the continuation of the trend is expected, as we are still trading below the falling trend line that is drawn on the attached chart. Short term support is are 1.3572 and breaking it would indicate that we have lived a short correction after Friday's fall, and we are to continue falling today, targeting 1.3525 & 1.3422. But in case of breaking the resistance 1.3675, the odds of a short term uprising correction will be greater, and the ideal targets of such a correction are the Fibonacci levels 1.3778 & 1.3836. In case we get close to these areas, the resistance at 1.3836 will be important not just for the short term, but for the medium term as well.

Support:

* 1.3572: Apr 6th high.

* 1.3525: May 14th low.

* 1.3422: important line on intraday charts.

Resistance:

* 1.3675: last Wednesday's low.

* 1.3778: Fibonacci 50% for the last drop from 1.4025.

* 1.3836: Fibonacci 61.8% for the last drop from 1.4025.