Euro is suffering on uncertainty about the outcome of Greece's debt issue and , and after failure at 1.3410 high on Asian session, the pair extended its pullback below 1.3345 support to reach fresh session lows at 1.3315 so far.
On the downside, initial support level lies at 1.3290 (Apr 26 low) and below here, 1.3255/65 (intra-day support) and 1.3230 (intra-day support). On the upside, resistance levels lie at 1.3400/10 (Apr 26/session high), and then 1.3445 (Apr 21 high) and 1.3500 (Apr 9 high/intra-day resistance).
According to Stoyan Mihaylov, technical analyst at Deltastock.com, the pair remains in consolidation above 1.3201, with intra-day bias pointing lower: "Still in the consolidation pattern above 1.3201 and the pair already tested 1.3421 minor resistance.The intraday outlook is negative for 1.3292, where a reversal for one more upward test in the 1.3450 are can be expected. The overall bias on the 4 h. chart remains bearish. "
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