The euro pushed to a 14-month low and is trading at 1.2940. On the down side, the pair has support between the 1.2804-1.277-1.27750 levels. For the rest of the month, the given levels are valid support. A break below, these levels lead to another fall up to 1.2432 and 1.2211 (200Dsma). In June 2010 and July 2012, 200Dsma in a monthly chart twice gave enough support. For the short term, with a break below 1.2750, we can expect 1.2211 levels. On the higher side, a close above 1.34 only the bullish view starts blinking in the charts on positional basis, until selling on every upmove.
Support is at 1.28, 1.277, and 1.25.
Resistance is at 1.30, 1.3220, and 1.34.
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