EUR/USD Breaks Recent Lows.

The pair fell through the May 26 swing lows. This is not too significant at this point, but when London opens, failure to test and hold above this 1.3870 level would set a short term negative tone.

A break below 1.3800 put initial targets at 1.3750 and if broken, 1.3650.

If pair does move back above 1.3870, the 1.3900 area should provide some resistance and beyond that 1.4000 1.4050.

Watch for economic news out of the US starting at 1200 GMT.

Forex Analysis by Dr. Sivaraman at ForexPros. com. For more details about Forex Trading and Tips for decent earnings through Forex Trading, Please check forexpros. com