Since the last ECB meeting, at which Draghi hinted that they may ease further in December, Euro fell more than four cents. Hawkish Fed didn't help the pair either. It is currently holding below the bottom (trendline) of the seven-month trading channel and below 50, 100 and 200 DMA. Rallies have been weak, suggesting that the sellers are firmly in control.

Support:
1.0985 - 1.1000 (00's, Low Of Day, Weekly Pivot Point, H1 50 SMA, Late Friday Low)
1.0950 - 1.0965 (Previous Day Low, Daily Support 1, 50's)

Resistance:
1.1050 - 1.1075 (High Of Day, 50's, Daily Resistance 1, Previous Day High)
1.1095 - 1.1120 (Channel Bottom, Previous Week High, 00's, Weekly Resistance 1, 200 DMA, Daily Resistance 2)

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