Da Hua: The risk of the euro falling below the support level of 1.1390-1.1410 dollars is increasing.

Quek Ser Leang from the Global Economic and Market Research Department at Dahua stated in a report that, based on the charts, the risk of the Euro breaking below the support zone of 1.1390-1.1410 against the US dollar is increasing. The senior technical strategist mentioned the "impulsive nature" of the recent decline of the Euro against the US dollar. The strategist stated that if the weekly support zone of 1.1390-1.1410 USD is breached, the next technical target is 1.1210 USD. The strategist added that in the short term, 1.1530 USD is a strong resistance level. Data from the London Stock Exchange Group shows that the Euro has dropped by 0.2% to 1.1433 USD.