Euro can avoid falling and despite extreme oversold readings, in the 4 hours charts, is currently testing 1.3500 support zone. We need to wait for two probable scenarios here: either the pair extends the downside and approaches to 1.3430/50 area, where rally should halt and give a counter trend trade back to the 1.3500 area, or, second scenario, pair starts now a corrective movement without breaking the 1.3480 support; in this last case, pair needs to consolidate above 1.3530,to extend the correction near 1.3560/80 zone.
