Here's a D1 EU chart, we are entering price zooming area, which is the zone, where price tends to move at a very fast pace, the zooming area was "set" in November 2010 with three black crows pattern, highlighted on the chart.
So with spanish crisis and instability another crack will show up in euro currency, resulting in swift losses and send the euro back to 1.37.
Current price action around support area is looking very weak.
http://img825.imageshack.us/img825/3637/eud1zooming.png
So with spanish crisis and instability another crack will show up in euro currency, resulting in swift losses and send the euro back to 1.37.
![](https://resources.faireconomy.media/images/emojis/64/1f60a.png?v=15.1)
http://img825.imageshack.us/img825/3637/eud1zooming.png