The Euro broke the support 1.3595, and stopped only 7 pips below the suggested target, and created another bottom in the same area of last Friday's low (1.3529). This boring behavior, and moving back and forth in almost the same areas in the past days, made us wonder if we could be in a triangle of some sort. If this is true, the triangle limits are 1.3673 & 1.3557, but we will espouse Fibonacci 61.8% support & resistance at 1.3566 & 1.3639 to be today's levels. We can only hope to end this boredom with a break of one of these levels.

 If the resistance at 1.3639 is broken, we expect the Euro to jump and test the top of the falling channel at 1.3729. And if this important resistance is broken too, we will see the Euro flying to 1.3810. On the other hand, if the support at 1.3566 is broken, we expect a test of the rising trend line from 1.3442 as a first target (this line is currently running at 1.3472), and if broken we will reach a fresh cycle low at 1.3390.

Support:
* 1.3566: Fibonacci 61.8% for the short term.
* 1.3472: the rising trend line from 1.3442 on the hourly charts.
* 1.3390: Apr 13th high.

Resistance:
* 1.3639: Fibonacci 61.8% for the short term.
* 1.3729: the top of the falling channel on the hourly charts, and a very
important resistance for the short term & the medium term.
* 1.3810: Feb 10th high.