saxobank.com// Resistance: 0.9040/50, 0.9150/60 , Support: 0.8865/75, 0.8750/60 , Outlook/Target: Testing Support, - Near term EUR values remain under pressure with rally attempts still proving corrective only at present. Technical studies argue a breach of key localised support at 0.8865 will be required to accelerate this erosion –targeting 0.8750 and 0.8640 areas thereafter. Otherwise an extension of recent choppy consolidative activity is likely for now at least. On the upside selling pressure has emerged at 0.9040/50 and indicators suggest a move beyond the secondary 0.9150/60 zone is needed to significantly improve the immediate market outlook again