Ella 
Yesterday we expected the euro to trade in a range of 1.0700 to 1.0750. However, EURUSD fell to a low of 1.0685 and closed at 1.0699 (-0.26%). Although the decline lacked momentum, the euro’s decline has not yet stabilized. Today, the euro may continue to weaken, but the probability of hitting the important support at 1.0635 is extremely low (the other support is at 1.0660). Resistance is at 1.0715; if the euro rises above 1.0735, it indicates that the euro’s decline has stabilized.
Next 1-3 weeks: Our updates from two days ago (market price 1.0725 on September 6) are still valid. As we have highlighted, the euro is likely to continue to weaken, with the next level targeting the May low of 1.0635. However, if the euro rises above the ‘strong resistance’ of 1.0765 (1.0785 yesterday), it means that the euro’s decline that began at the beginning of this week has stabilized. Looking ahead, if the euro falls below 1.0635, focus will shift to the yearly low near 1.0515.
