Today's Support and Resistance Levels:

Support                         Resistance

1: 1.5311                      1: 1.5410

2: 1.5245                      2: 1.5505

3: 1.5200                      3: 1.5602

Technical Overview:
We still cannot say with any real confidence whether we have seen a bottom of the decline from 1.6969 at the 1.5311 low or we need one more decline into the 1.5205 - 1.5245 target window. A break below 1.5311 will call for one last move lower, while a direct break above 1.5410 will indicate that the bottom is already in place, while a break above 1.5505 will confirm the bottom for a rally towards the 1.5808 - 1.5885 area.

Trading Recommendations:
We are looking for a EUR-buying opportunity as we either have seen the bottom or should be very close to the bottom. We recommend buying EUR at 1.5250 or at 1.5425 - one cancels the other. Stop should be placed at 1.5225.