EURUSD: With a continuation of its previous week weakness seen the past week, further downside pressure is envisaged in the new week. Support lies at the 1.3100 level where a break will expose the 1.3050 level.
Below here will pave the way for a move lower towards the 1.3000 level. If this continues, expect further downside to occur towards the 1.2950 level.
On the upside, resistance lies at the 1.3200 level where a break will aim at the 1.3250 level, its psycho level followed by the 1.3300 level. Further out, resistance comes in at the 1.3350 level. All in all, EUR remains biased to the downside in the medium term.
