The Euro stopped only 8 pips below the support specified in yesterday's report, and rocketed once again, breaking the resistance 1.3653, and stopping only 5 pips below our suggested target 1.3740. Today, we see its best to count on short term levels to lead the way for the single currency on the short term. Short term support is at Fibonacci 61.8% for the micro term (which the price stopped accurately at almost an hour ago). If we break this level, the Euro will start a drop that we expect to be strong, and will target the most important support (for the short term) 1.3549, and if this level is also broken, the drop will go on, and we will probably see another weekly low below Tuesday's 1.3434. As for the resistance, it is provided by the falling trend line from yesterday's high, and is currently at 1.3691. If broken, the Euro will continue this sharp rise, and will target 1.3799 &
1.3885.

Support:

* 1.3645: Fibonacci 61.8% for the micro term.

* 1.3549: Fibonacci 61.8% for the short term.

* 1.3434: Tuesday's low.

Resistance:

* 1.3691: the falling trend line from yesterday's high on intraday charts.

* 1.3799: Feb 11th high.

* 1.3885: Feb 2nd low.