Resistance 3: $1.2860
Resistance 2: $1.2800
Resistance 1: $1.2750
Current price: $1.2596
Support 1: $1.2580
Support 2: $1.2445
Support 3: $1.2330
Comments: The euro remains under pressure against the dollar, trading below
triangle continuation pattern top and 21-DMA currently at $1.2750.
Break higher to negate the overall bear tone and will open the way to
$1.2800/50 zone (50% of $1.3295 decline, November 13 high) and
$1.2930 (November 10 high) ahead of $1.3110.
Closest support spotted at session low $1.2580. The sustained break
below $1.2440 favours slide to October 27 and 28 lows at $1.2330
ahead of $1.2260 (50% of a huge $0.8560-$1.6030 move).