EURO remains under pressure against the Dollar after slipping ~1.0% last week following a Dovish outlook on ECB Monetary Policies from Draghi. The Franklin Market Gauge is still issuing a sell EURO bias heading into the upcoming trading week. Although the trade remains statistically valid, the EURO is currently testing a minor support area.
Short Term Statistical Outlook: Bearish
Initial Support: ~1.3740-1.3750
Next Support Target: ~1.3710-1.3700
Initial Resistance: ~1.3770
Next Resistance Target: ~1.3790-1.3800