Fxwirepro: Eur / usd fell below the range of a base bearish bias amplified

• Monday for the pair EUR / USD began to decline, as mixed economic data from Europe reinforced the degree of concern about the political risks that triggered the sale of the single currency.
• Already in early May in France has a new president: the election will be held in two rounds. Investors fear surprises such as unexpected win far-right Le Pen.
• As the results of the poll in the first round of the leader of the "National Front" of the race left his political rivals far behind, but in the second round of the layout has changed a bit.
• It is possible that a further weakening of EUR / USD to continue due to the boundary line of a powerful resistance at 1.0694, which is close encounter with the bulls the way up and will further reduce the pair in the short term.
• Instantaneous resistance of settled in 1.0663, breakthrough above which will throw the nearest pair to the line resistance near 1.0694 marks.
• Immediate support was seen within 1.0632, a break below which will pave the way to the next level in the area of ​​1.0595.

resistance levels

R1: 1.0663 (50% correction level)

R2: 1.0694 (61.8% correction level)

R3: 1.0740 (a maximum of 15 of March)

support levels

S1: 1.0632 (38.2% correction level)

S2: 1.0595 (23.6% correction level)

S3: 1.0560 (low of February 14)