EUR/USD daily outlook

EUR/USD
The dollar advanced Vs the Euro on Friday and the daily low has been set at 1.3320, this way setting a fresh multi-week low. Support is currently noticed at 1.3320 backed by 1.3285 and 1.3250. Resistance emerges at 1.3370 followed by 1.3390 and 1.3430. Daily sentiment remains bearish, hourly momentum being neutral at the time of this writing. The pair continues to stay into the downward channel formed on the daily charts starting at 04/23 low's and 04/30 high's, extended right. The current lower barrier of the said channel is noticed in the 1.3330 area and it may hold a potential greenback test within the next trading sessions. A break would accelerate the current Euro decline towards the 1.3250 mid-term support which is the March's 26 low. We are looking forward for a trend correction which may push the Euro towards the 1.34 zone. Current quote is 1.3350 @ 06:15 GMT