In the last few days, the Euro has finally shown some resilience as it has been able to rally and regain some lost ground moving back above 1.29 for the first time in a week. Over the last week or so it has fallen considerably from above 1.30 down to six week lows near 1.28. Back at the beginning of April the Euro received solid support around 1.28 and this level has been called upon over the last week to provide additional support. It has ever so slightly traded below 1.2800 and these levels represent the lowest levels it has traded to since early April. It has also become evident over the last few days, especially ... (full story)