I was going through the charts of the euro in the various timeframes and each timeframe seemed to be giving a different picture. The daily still showed some strength on the euro but this was confusing for me with the fundamental outlook for the euro and the movement of the euro from last Wednesday.
So i zoomed out and made it easier by looking at the weekly. I have attached the weekly chart of the euro in its most naked form. In this, you can see how it has tried to move up for the past 2 weeks but has been beaten down. So, for the next 2 weeks, i would expect the euro to go down with a huge support at 1.3460. If this support is broken, then we can expect a move down to 1.3000.
For now, i expect euro to test the support at 1.3460.
