Rate firmer on news, makes highs in New York late. OK to look at the buy side on weakness to the bottom of the range. Pullback to the 1.3400 handle this week on lighter volume. Rate is an absolute screaming buy in my view.

Aggressive traders can buy anytime under the 1.3900 handle in my view. Traders note stops triggered on the way down along with technical selling. Oil weaker helps pressure also. Traders note stops building above the market but those likely remain out of range today; some triggered on the move over the 1.3740 area.

Expect more two-way action with upside bias; traders note the rate is finding profit-taking bids on dips so far despite the uncertainty in the market. Traders suggesting that the rate is continuing to trade technically. Traders note official names on the bid.

EURO/USD Daily

Resistance 3:  1.3900/10
Resistance 2:  1.3880
Resistance 1:  1.3800/10
Latest New York:  1.3679
Support 1:  1.3540
Support 2:  1.3500
Support 3:  1.3450/60

Data due Thursday: All times EASTERN (-4 GMT)

2:00am EUR German Trade Balance
2:00am EUR German WPI m/m
4:00am EUR ECB Monthly Bulletin
7:00pm EUR ECB President Trichet Speaks

Forex Analysis by Jason Alan Jankovsky at ForexPros.com. For more details about Forex Trading and Tips for decent earnings through Forex Trading, Please check http://www.forexpros.com