European single currency surged to an all-time high above 1.60 dollars on Tuesday on mounting investor fears about the stormy US economic outlook.euro's rally was only very briefly dented by a bigger than forecast slump in the German ZEW investor expectations index to a series
Tech outlook:
EURO is expected to be on a bull note for the day. With the trading range expected between 1.5830-1.5970 levels. Good support for the currency is seen at 1.5810 levels. Key resistance for the currency is seen at 1.5980 levels. Momentum and stochastic are trending upwards giving cues for the currency to have bullish correction for the day. Moving average and relative strength index are also confirming the view.
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