Euros still look under pressure and should aim for the 10460 lows seen in March....The move higher was seen only as a correction, and this is why we have fallen lower..
Now there is resistance at 1.0562, and this may well be enough on the topside to enable sellers to come back into the market once more..
Hold shorts, unless we break the daily highs of 1.0620, actually we could place stops at the 1.0635 area just to be sure...
Now we know support is at 10460 and therefore just prior here we will e able to see profit taking...Also expect buyers back in the market and they will be looking for this to trade higher once more, but again at this point...only on a correction. Now if the market loses 10460 and more importantly stays below here there is scope quite quickly for 10399
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