Near Term Trend: Negative
Monday’s Trade: 1.09750 (- 51)
UPDATE: Once key support (1.11180) at our proprietary trend line was violated four weeks ago, the pressure on Euro has remained constant.
At this juncture, support from June 24 at 1.09140 will be an important near term support test for Euro.
A daily settlement below that point could allow for the Euro to trade as low as 1.07400.