EUR/USD Today

The euro's over-two-month downtrend was extended earlier to $1.3647, but it has snapped back to trade as of this writing just below weekly resistance at $1.3740, which is now the nearest stop for intraday trades. New downtrend lows would point the euro to $1.3523. Take profit at $1.3582. If trades are stopped above $1.3740 then look for a move up to $1.3847.