* The momentum of the downswing may carry it further than the Support Lines suggest, and bring the norm down as well;
* EU sceptics triumphed in the recent European Parliament elections, renewing doubt over the future of the Euro ;
* Lack of progress towards lifitng means the ECB will consider reducing EU bank rate and support the slide in the value of the Euro .
I also show 30 day and 50 day Moving Averages. Under Mark Shipman's (long-term investment) policy, we would not yet consider selling Euro . However, by the time his Sell trigger comes into effect (Short-term MA moving under the longer-term MA), the Euro will be bounding back.