The euro continues to slip against the dollar
The pair has a strong support at 1.2750
Digital Look technical analysts pointed out on Tuesday that despite the occasional rebounds in the euro/dollar, “the currency pair couldn't possible be more bearish as we can see with the constant string of decreasing highs and lows”.
These experts believe that investors with short positions in the pair should keep them, although they warned that there is significant zone of support at 1.2750.
“If the euro/dollar hits this level, it may be wise to close short positions due to the possibility of a strong upward movement in the 'single currency',” they concluded.