Resistance 3:$1.5800
Resistance 2: $1.5760
Resistance 1: $1.5670
Current price: $1.5500
Support 1: $1.5440
Support 2: $1.5360
Support 3: $1.5280
Comments: Euro rebounds with resistance comes at $1.5670 (38.2% of $1.6030 - $1.5440 decline). Above the target comes near channel line from Jul 15 on $1.5760. Break above will bring the rate up to $1.5800/10 (61.8%). Strong support is around yesterday’s lows near channel line from Jul 15 on $1.5440. Break under will accelerate euro’s decline to Jun 05 lows on $1.5360. Stronger support is around $1.5280 (May-June lows).