The EUR lost more ground yesterday dropping below support at 1.4160.  That level has now become upside resistance.

A drop below the recent swing lows just above 1.4100 indicates another swing lower and a target of 1.4040.  Further support is at 1.4000.

A push above 1.4170 will try to test recent swing highs at 1.4220.  Target beyond this on a further rise is 1.4320.

Forex Analysis by Dr. Sivaraman at ForexPros. com. For more details about Forex Trading and Tips for decent earnings through Forex Trading, Please check Forexpros. com