The Euro stopped just below the most important resistance in yesterday's report 1.4639 (Asian session high was 1.4631). But even though, it is trading now above the falling channel, after it succeeded in breaking it. Still, we can spot a trendline that stopped the Euro, which is the rising trendline from inside the falling channel. We can clearly see that price stopped accurately at this line, running currently at 1.4639, the most important resistance for today as it was for yesterday.

If we break it to the upside, the Euro will be free from the falling trend, and will try to reach areas above 1.47, most important of which are 1.4720 and 1.4776, and may be areas above 1.48 later this week. The most important support is 1.4590, which represents the retest level of the channel that was broken during the Asian session. And breaking it means that the falling trend will try to reach Fibonacci 50% at 1.4509, or Fibonacci 61.8% at
1.4430.

Support:

1.4590: the retest level for the falling channel that was broken during the Asian session.

1.4509: Fibonacci 50% for the rise from 1.4176 to last week's top 1.4842.

1.4430: Fibonacci 61.8% for the rise from 1.4176 to last week's top 1.4842.

Resistance:

1.4639: the retest level of the rising trendline that was previously broken.

1.4720: the resistance area that stopped the Euro from rising 3 times late last week.

1.4776: previous resistance.