The rising anxiety about a slow recovery of the global economy has helped to weaken the euro exchange rate, hence the anxiety level of the economic situation in Greece is getting worse along with the tightening of budgets in this country, which is not good for the economy of Greece, as its budget in some areas has increased sharply to 70 %. And in parts of the eurozone there has been no significant advance of economic growth, so in the result the market decided to sell rather than hold the European currency, for example, the German PThe rising anxiety about a slow recovery of the global economy has helped to weaken the euro exchange rate, hence the anxiety level of the economic situation in Greece is getting worse along with the tightening of budgets in this country, which is not good for the economy of Greece, as its budget in some areas has increased sharply to 70 %. And in parts of the eurozone there has been no significant advance of economic growth, so in the result the market decided to sell rather than hold the European currency, for example, the German PPI inflation data despite recent increase of 0.5%, is still lower than in the previous month at 0.6%, this makes the European currency not to move significantly as expected by the market. However, the market is currently looking for new clues in the data due from the eurozone where the indicators should be consecutively positive.
As for the technical analysis, the position of the euro against the US dollar has been quite overbought since this currency has touched 1.3280-level, which is the strongest level since April 2010, that is why during this week, this pair has been demonstrating a weakening tendency. Another reason of the market to attain to the risk aversion is a statement that the US FRS acknowledges that the country's economic growth is slowing.

Anyway here are the intraday important trading levels for this pair for today:

Breakout Buy level : 1.2869.
Strong Resistance : 1.2861.
Original Resistance : 1.2849.
Inner Sell Area : 1.2836.
Target Inner Area : 1.2806.
Inner Buy Area : 1.2775.
Original Support : 1.2763.
Strong Support : 1.2751.
Breakout Sell level : 1.2743.