FX:EURUSD Euro Fx/U.S. Dollar
Perhaps the Euro has fallen far enough against the US Dollar . Leaving out the Down-spike of 26 June ( Euro sell-off on Asian markets), the Support Line S1 is tending to converge with Resistance Line R1. The Parabolic S line may be a better indicator of the Support Level. The price, moreover, has moved far enough away from the to warrant a move back.