EURO/US DOLLAR
Small signs of instability with last week’s dragonfly doji candle and the commodity channel index looking set to turn negative. The European Commission has ruled out Italian state help for two failing banks in the Venice region, and the ECB doesn’t want to get involved.
SHORT TERM TRADER: New small short at 1.1185; stop above 1.1300. Target 1.0900.
POSITION TAKER: Square.
| SUPPORT | RESISTANCE |
| 1.1125 | 1.1230 |
| 1.1100 | 1.1295 |
| 1.1075 | 1.1315 |
| 1.1000 | 1.1365 |
